Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming another consolidation range. Possibly, today the price may fall to break the downside border. The next target is at 1.1760.
GBP USD, “Great Britain Pound vs US Dollar”
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The GBP/USD pair has completed the first descending impulse along with the correction. We think, today the price may fall to break the low of the first impulse. The local target is at 1.3363.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating above 0.9830. Possibly, today the price may grow to break the upside border. The target is at 0.9930. After that, the instrument may start another correction to return to 0.9830.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has expanded the consolidation range t the downside. Possibly, the price may reach 112.14 and then resume growing towards the upside border. Later, in our opinion, the market may break 113.13 and then continue moving upwards with the target at 114.20.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to expand the consolidation range upwards. The target is at 0.7661. After that, the instrument may fall towards the downside border, break 0.7551 downwards, and then continue falling with the target at 0.7452.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has finished the ascending correctional wave. Possibly, today the price may start another descending wave to reach 58.30. Later, in our opinion, the market may resume growing with the target at 58.68.
XAU USD, “Gold vs US Dollar”
Gold is consolidating below 1277. We think, today the price may reach 1262 and then start another ascending structure towards 1277 (at least). After that, the instrument may resume falling with the target at 1250.
Brent is trading to the downside. Possibly, the price may reach 61.95 and then grow towards 63.30, thus forming a new consolidation channel. If later the price breaks this channel to the downside, the market may continue the correction towards 60.50; if to the upside – grow with the target at 66.20.
RoboForex Analytical Department
Article By RoboForex.com
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.