Technical Analysis by RoboForex

[RoboForex]

Fibonacci Retracements Analysis 19.12.2018 (GBPUSD, EURJPY)
19.12.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a convergence on MACD, so after breaking the low, GBPUSD started a new correctional uptrend, which has already reached the retracement of 23.6%. In the future, the correction may continue towards the retracements of 38.2% and 50.0% at 1.2773 and 1.2868 respectively. If the price breaks the low at 1.2476, the instrument may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.2420 and 1.2270 respectively.

In the H1 chart, the pair is trading upwards to reach the retracement of 38.2% at 1.2773. At the same time, there is a divergence on MACD, which means that the price may start a new pullback after reaching the target.

EURJPY, “Euro vs. Japanese Yen”

In the H4 chart, EURJPY is still consolidating. The resistance is the retracement of 23.6% at 129.30. If the price breaks the above-mentioned level, the pair may grow to reach the high at 130.15. The support is the retracement of 76.0% at 127.47. After breaking it, the instrument may start falling towards the key low at 126.63.

As we can see in the H1 chart, the divergence made the pair started a new correction to the upside, which has already reached the retracement of 23.6%. The next targets may be the retracements of 38.2%, 50.0%, and 61.8% at 128.26, 128.54, and 128.64 respectively. The support is the low at 127.64.

 

[RoboForex]

Ichimoku Cloud Analysis 19.12.2018 (AUDUSD, NZDUSD, USDCAD)
19.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7190; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7205 and then resume moving downwards to reach 0.7085. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7280. In this case, the pair may continue growing towards 0.7375. After breaking the support level and fixing below 0.7155, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6862; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.6870 and then resume moving downwards to reach 0.6770. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6910. In this case, the pair may continue growing towards 0.6995.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3455; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3425 and then resume moving upwards to reach 1.3545. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3365. In this case, the pair may continue falling towards 1.3245.

 

[RoboForex]

Forex Technical Analysis & Forecast 20.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
20.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has completed another descending impulse. Possibly, today the pair may be corrected towards 1.1410 and then form a new descending structure with the short-term target at 1.1315.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.2640. Today, the pair may fall to reach 1.2580 and then grow to expand the range towards 1.2750. Later, the market may continue trading inside the downtrend with the short-term target at 1.2415.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming the second rising impulse towards 0.9957. After that, the instrument may start a new consolidation range. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 1.0015; if to the downside – resume trading inside the downtrend towards 0.9932.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has formed another consolidation range around 112.40. If later the instrument breaks this range to the downside, the price may complete the second half of this descending wave at 111.15; if to the upside – start a new correction towards 112.90 and then resume trading inside the downtrend with the short-term target at 111.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still trading downwards. Possibly, today the pair may reach 0.7077 and then form a new consolidation range. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7142; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has expanded its consolidation range towards 67.67. Today, the pair may fall to reach 66.76 and grow towards 67.20, thus forming another consolidation range. Later, the market may break it to the downside and continue this decline with the target at 65.50.

XAUUSD, “Gold vs US Dollar”

Gold has finished the first descending impulse. Possibly, today the pair may be corrected to reach 1250.00 and then form the second descending impulse towards 1235.85.

BRENT

Brent is trading downwards. Possibly, the pair may reach 54.80 and then form one more ascending structure towards 59.20, thus forming another consolidation range with a reversal pattern. After that, the instrument may break the range to the upside and start a new rising wave with the first target at 73.00.

 

[RoboForex]

Japanese Candlesticks Analysis 20.12.2018 (EURUSD, USDJPY)
20.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing the resistance level and forming Engulfing, Shooting Star, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may be corrected and then continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has broken the resistance level and formed several Engulfing, Hammer, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

 

[RoboForex]

Ichimoku Cloud Analysis 20.12.2018 (AUDUSD, NZDUSD, USDCAD)
20.12.2018

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7090; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7125 and then resume moving downwards to reach 0.7030. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7150. In this case, the pair may continue growing towards 0.7275.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6727; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6760 and then resume moving downwards to reach 0.6665. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6855. In this case, the pair may continue growing towards 0.6965.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3497; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3455 and then resume moving upwards to reach 1.3565. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3415. In this case, the pair may continue falling towards 1.3325.

 

[RoboForex]

Murrey Math Lines 20.12.2018 (USDCHF, GOLD)
20.12.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to break the 2/8 level and then continue growing to reach the resistance at the 5/8 one.

As we can see in the H1 chart, the pair is consolidating. Later, in may break the 5/8 level and continue growing towards the resistance at the 8/8 one.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is no longer trading inside the “overbought zone”. In this case, it is expected to continue trading downwards to reach the support at the 5/8 level.

In the H1 chart, the pair is trading below the 5/8 level and may continue falling to reach the closest target at the 0/8 one.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

 

[RoboForex]

Fibonacci Retracements Analysis 20.12.2018 (AUDUSD, USDCAD)
20.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is plummeting and probably forming a new impulse inside the long-term downtrend; the price has broken the retracement of 76.0% and right now is trading towards the low at 0.7021. If the pair breaks the low, it may continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 0.6880 and 0.6791 respectively. However, after breaking the key resistance at 0.7393, the instrument may continue the long-term correction to the upside to reach the retracement of 38.2% at 0.7447.

In the H1 chart, AUDUSD is trading downwards and getting closer to the low at 0.7021. At the same time, there is a convergence on MACD, which indicates a possible pullback after the price reaches its targets.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after testing the previous high and the resistance, USDCAD is still moving upwards. The current ascending impulse is moving towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3617 and 1.3758 respectively. The support is at 1.3155.

In the H1 chart, the pair is trading upwards and getting closer to the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.3517 and 1.3562 respectively. The support is at 1.3444. However, there is divergence on MACD, which indicates a possible short-term pullback after the instrument reaches the target area.

 

[RoboForex]

Forex Technical Analysis & Forecast 25.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

25.12.2018

EURUSD, “Euro vs US Dollar”

EURUSD has returned to 1.1414; this movement may be considered as the fourth structure, an ascending one. After the market opening, the price is expected to form the fifth structure, a descending one, to reach 1.1350 and then grow to return to 1.1414, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may reach 1.1508; if to the downside – resume trading inside the downtrend with the target at 1.1250.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.2630 upwards and may continue growing towards 1.2750. After that, the instrument may resume falling to return to 1.2630 and then start a new ascending structure with the target at 1.2807. Later, the market may form another descending structure to return to 1.2640.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has formed another descending structure towards 0.9868. Possibly, the pair may grow to reach 0.9976 and then fall with the target at 0.9900, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may start a new ascending structure to reach 1.0100; if to the downside – continue the correction towards 0.9750.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 110.90 downwards and expanded the range. Possibly, the pair may grow to test 109.90 from below and then resume falling towards 109.77. After that, the instrument may continue forming the third wave with the target at 107.50.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range around 0.7044. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7090; if to the downside – resume trading inside the downtrend towards 0.7000. Later, the market may form a reversal pattern and start a new correction to reach 0.7200.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards to reach 67.17. After that, the instrument may form one more ascending structure with the target at 68.95 and then start a new decline to return to 67.17.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1262.90 upwards; right now, it is growing to reach 1268.68. Later, the market may form another descending structure to return to 1262.90 and then resume trading inside the uptrend with the target at 1274.74.

BRENT

Brent has broken 53.00 downwards. Possibly, the pair may fall to reach 51.80 and then form another consolidation range with a reversal pattern to start a new correction with the first target at 63.00.

 

[RoboForex]

Japanese Candlesticks Analysis 25.12.2018 (EURUSD, USDJPY)
25.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has completed another pullback from the resistance level and formed Harami, Shooting Star, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has broken the support level and formed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

 

[RoboForex]

Murrey Math Lines 25.12.2018 (AUDUSD, NZDUSD)

25.12.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating. If the pair breaks the 4/8 level, it may continue growing towards the resistance at the 7/8 one.

As we can see in the H1 chart, the pair is trading inside the “oversold zone”. In this case, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is expected to continue growing towards the resistance at the 3/8 one.

As we can see in the H1 chart, the pair has rebounded from the support at the 0/8 level and may resume growing towards the resistance at the 3/8 one.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

 

[RoboForex]

Ichimoku Cloud Analysis 25.12.2018 (AUDUSD, NZDUSD, USDCAD)

25.12.2018

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7043; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7070 and then resume moving downwards to reach 0.6980. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7100. In this case, the pair may continue growing towards 0.7205.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6716; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6770 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6830. In this case, the pair may continue growing towards 0.6975.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3576; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3535 and then resume moving upwards to reach 1.3660. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3465. In this case, the pair may continue falling towards 1.3345.

 

[RoboForex]

Fibonacci Retracements Analysis 25.12.2018 (EURUSD, USDJPY)

25.12.2018

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, the mid-term ascending correction continues. The possible targets are the retracements of 50.0% and 61.8% at 1.1515 and 1.1586 respectively. The key support level is at 1.1215. At the same time, there is a divergence on MACD.

In the H1 chart, the divergence made EURUSD start another descending correction towards the retracement of 61.8% at 1.1353, which was later followed by a new impulse to the upside. The closest target of this impulse is the high at 1.1486. If the price breaks this level, the instrument may continue growing. However, one shouldn’t exclude a possibility of a new descending wave. The possible downside targets may be the retracement of 76.0% at 1.1322 and the low at 1.1270.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is being corrected to the downside; it has already broken the retracement of 38.2% and may continue towards the retracements of 50.0% and 61.8% at 109.58 and 108.42 respectively. The key resistance is still at 114.55.

In the H1 chart, the downtrend continues and there is a convergence on MACD. After reaching the retracement of 50.0% at 109.58, the instrument may start a new pullback towards the retracement of 38.2% at 110.76.

 

[RoboForex]

Forex Technical Analysis & Forecast 26.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
26.12.2018
EURUSD, “Euro vs US Dollar”

After the market opening, EURUSD is forming another descending structure to reach 1.1350. After that, the instrument may be corrected to return to 1.1414 and then resume trading inside the downtrend with the short-term target at 1.1250.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading downwards to reach 1.2685. Later, the market may form one more ascending structure with the short-term target at 1.2750.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating close to the downside border of the range. Possibly, today the pair may grow to break 0.9977 and then continue trading inside the uptrend with the target at 1.0070. According to the main scenario, the price is expected to continue this ascending wave.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 110.90 downwards and expanded the range. Possibly, the pair may grow to test 110.90 from below and then resume falling towards 109.77. After that, the instrument may continue forming the third wave with the target at 107.50.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range around 0.7044. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7090; if to the downside – resume trading inside the downtrend towards 0.7000. Later, the market may form a reversal pattern and start a new correction to reach 0.7200.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading upwards with the target at 68.98. After that, the instrument may start a new correction towards 67.20 and then form one more ascending structure to reach 69.40. Later, the market may resume trading inside the downtrend.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Today, the pair may reach 1274.74 to extend the correction. Possibly, the price may form another consolidation range with a reversal pattern close to the highs. After that, the instrument may start a new correction with the first target at 1230.33.

BRENT

Brent has almost reached its downside target at 50.00. Possibly, the pair may form another consolidation range with a reversal pattern near the lows and start a new ascending structure with the first target at 63.30.

 

[RoboForex]

Murrey Math Lines 26.12.2018 (USDJPY, USDCAD)
26.12.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.

In the H1 chart, the price may break the 5/8 level and the continue trading downwards to reach the support at the 4/8 level.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.

As we can see in the H1 chart, the price is trading inside the “overbought zone”. In this case, the pair may break the 8/8 level and then continue trading downwards to reach the support at the 5/8 one.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 25.12.2018 (EURUSD, USDJPY)
25.12.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has completed another pullback from the resistance level and formed Harami, Shooting Star, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has broken the support level and formed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

 

[RoboForex]

Ichimoku Cloud Analysis 26.12.2018 (AUDUSD, NZDUSD, USDCAD)
26.12.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7044; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the downside border of the cloud at 0.7065 and then resume moving downwards to reach 0.6980. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7095. In this case, the pair may continue growing towards 0.7205. After breaking the support level and fixing below 0.7020, the price may continue moving downwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6733; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6745 and then resume moving downwards to reach 0.6665. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6775. In this case, the pair may continue growing towards 0.6875. After breaking the support level and fixing below 0.6700, the price may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3607; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 1.3575 and then resume moving upwards to reach 1.3695. Another signal to confirm further ascending movement is the price’s rebounding from the channel’s downside border. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 1.3510. In this case, the pair may continue falling towards 1.3395.

 

[RoboForex]

Fibonacci Retracements Analysis 26.12.2018 (GBPUSD, EURJPY)
26.12.2018
GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, there was a convergence on MACD, which made GBPUSD start a new correctional uptrend towards the retracement of 38.2% at 1.2790. In the future, the correction may continue towards the retracements of 50.0% and 61.8% at 1.2886 and 1.2985 respectively. The support is the low at 1.2476.

The H1 chart shows more detailed structure of the current rising tendency. There is a divergence on MACD, which means that the price may start a new pullback after reaching the target.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, EURJPY has broken the previous low and right now is still trading downwards to reach towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 125.30 and 124.46 respectively. The resistance is at 126.63.

In the H1 chart, there is a divergence on MACD, which may indicate a new correction after the instrument reaches the post-correctional extension retracement of 138.2% at 125.30.

 

[RoboForex]

Forex Technical Analysis & Forecast 27.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
27.12.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached another downside target; right now, it is consolidating around 1.1366. Today, the pair may test this level from above. After that, the instrument may start a new grow to reach 1.1390 and then return to 1.1366, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may continue growing with the target at 1.1414 and then form a new descending structure towards 1.1377.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.2640. Possibly, today the pair may trade downwards to reach 1.2592 and then expand the range towards 1.2750. Later, the market may form a new descending structure with the target at 1.2640.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still moving upwards. Possibly, today the pair may grow to reach 0.9977 and then fall towards 0.9900, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may continue trading inside the uptrend with the target at 1.0125; if to the downside – start a new correction towards 0.9840.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving upwards to reach 111.42 and then may fall towards 110.82, thus forming another consolidation range. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 112.40; if to the downside – resume trading inside the downtrend towards 107.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range around 0.7044. If later the instrument breaks this range to the upside, the pair may be corrected with the target at 0.7097; if to the downside – resume trading inside the downtrend towards 0.7000. Later, the market may form a reversal pattern and start a new correction to reach 0.7200.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading upwards and reached the key upside target. Today, the pair may start a new decline with the first target at 67.20. Later, the market may be corrected to reach 68.33.

XAUUSD, “Gold vs US Dollar”

Gold is forming the first descending impulse with the target at 1263.95. After that, the instrument may form one more ascending structure towards 1271.54 and then resume trading inside the downtrend with the short-term target at 1254.26. Later, the market may start a new growth to reach 1263.96.

BRENT

Brent is moving upwards to reach 55.93. After that, the instrument may resume falling towards 52.95 and then form one more ascending structure with the short-term target at 60.11.

 

[RoboForex]

 

[RoboForex]