EUR USD, “Euro vs US Dollar”
Eurodollar is forming another descending structure towards 1.1136. After that, the market may form the fifth wave of flag correctional pattern with the target at 1.1350. Later, in our opinion, the instrument may continue falling inside the downtrend towards 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound moving close to the lows of its descending wave; the pair is forming another consolidation channel. Possibly, the price may form the correction towards 1.5340 and then continue falling inside the downtrend. The local target of this wave is at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed flag correctional pattern. We think, today, the price may continue growing inside the uptrend to reach the target at 0.9870. Later, in our opinion, the market may consolidate and start another growth towards the next target at 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
Yen has formed the descending structure and corrected it to return to 120. We think, today, the price may consolidate around 120.00. If the market breaks this consolidation channel downwards, it may continue falling to reach 118.25 and then return to 120.00 again. An alternative scenario suggests that the pair may grow towards the upper border of triangle pattern.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed an ascending structure and corrected it. Today, the market is moving upwards. Possibly, it may continue growing towards 0.7125 and then test 0.7040 from above. After that, the market grow again to reach 0.7190 and then continue falling towards 0.7040.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving downwards. Possibly, today the price may break 64.50 and continue falling to reach 62.00. After that, the market may test 64.50 from above and then continue moving downwards to reach the target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has formed another ascending impulse and right now is consolidating at its top. If the price breaks this consolidation channel upwards, it may continue growing towards 1160; if downwards – form the correction to reach 1122. Later, in our opinion, the market may continue moving upwards to reach 1160.
RoboForex Analytical Department