Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is forming the third descending wave towards 1.1026. After that, the instrument may correct to reach 1.1067 and then resume trading inside the downtrend with the first target at 1.1019.
GBPUSD, “Great Britain Pound vs US Dollar”
After finishing the ascending wave at 1.3166, GBPUSD has completed the descending impulse towards 1.3100; right now, it is consolidating around 1.3138. According to the main scenario, the pair is expected to break 1.3100 to the downside and then continue moving inside the downtrend with the short-term target at 1.3000.
USDCHF, “US Dollar vs Swiss Franc”
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After reaching the short-term target at 0.9855, USDCHF has completed the correction towards 0.916; right now, it is moving downwards. Possibly, today the pair may form a new descending structure towards 0.9880 and then consolidate around this level. If later the price breaks this range to the downside, the market may start a new decline to reach 0.9835; if to the upside – form one more ascending structure with the target at 0.9990.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.66. Today, the pair may fall to break 108.27 and then start a new correction with the short-term target at 107.05.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is correcting inside Flag pattern to reach 0.6806. After that, the pair may grow towards 0.6834, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may start another growth to reach 0.6860; if to the downside – resume trading downwards with the target at 0.6700.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Possibly, the pair may break 63.61 and then continue trading inside the downtrend with the short-term target at 63.15. After that, the instrument may form one more ascending structure to return o 63.61 and test it from below.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is moving upwards. Possibly, the pair may reach 1.3282 and then form a new descending structure to break 1.3188. Later, the market may continue trading inside the downtrend with the first target at 1.3100.
XAUUSD, “Gold vs US Dollar”
Gold is falling with the target at 1457.87. After that, the instrument may start a new correction towards 1468.46 and then resume moving downwards with the short-term target at 1448.45.
BRENT
After breaking 64.50 to the upside, Brent is trading to test this level from above. The main scenario implies that the price may continue trading inside the uptrend with the short-term target at 68.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 7330.00. Possibly, the pair may break this range to the upside and reach the first target at 8165.00, at least. Later, the market may start another correction towards 7400.00.
Article By RoboForex.com
Attention!
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.
