EURUSD, “Euro vs US Dollar”
EURUSD may choose an alternative scenario and form one more ascending structure towards 1.1299. According to the main scenario, the price is expected to form the fifth wave inside the downtrend with the first target at 1.1207.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD may also choose an alternative scenario and form one more ascending structure to reach 1.3131. According to the main scenario, the price is expected to continue trading inside the downtrend with the target at 1.2950.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the predicted target of the third ascending wave without any alternative scenarios and may continue growing towards 1.0046. Possibly, today the pair may be slightly corrected to reach 1.0008 and then start a new growth towards 1.0046. After that, the instrument may start another correction with the target at 0.9990 and then continue trading upwards to reach 1.0064.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the correction at 111.10. Today, the pair may form the fifth structure to reach 110.80 and complete the first wave. Later, the market may resume trading inside the downtrend to break 110.72 and then continue falling with the predicted target at 110.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has rebounded from 0.7119; right now, it is growing to reach 0.7184. Possibly, today the pair may reach this level and then fall to return to 0.7119. After that, the instrument may break this level and then continue trading inside the downtrend with the target at 0.7060.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached the target of the third descending wave; right now, it is still trading downwards. Today, the pair may consolidate around 64.29. According to the main scenario, the price is expected to form a downside continuation pattern. The predicted target is at 63.04.
XAUUSD, “Gold vs US Dollar”
Gold has reached its upside target; right now, it is trading downwards. Possibly, the pair may reach 1297.33 and then form one more ascending structure towards 1310.15. Later, the market may start a new descending wave with the short-term target at 1260.00.
BRENT
Brent is still trading upwards. Today, the pair may break 71.55 to the upside. Right now, the price may start another correction towards 70.50 and then form one more ascending structure with the short-term target at 73.05.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
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