EURUSD, “Euro vs US Dollar”
EURUSD has rebounded from 1.1200 and may continue falling; right now, it is forming the third descending wave with the short-term target at 1.1111. Later, the market may consolidate and then resume trading inside the downtrend towards 1.1050.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has rebounded from 1.2960; right now, it is forming the third descending wave with the short-term target at 1.2800. After that, the instrument may consolidate for a while and then resume trading inside the downtrend to reach 1.2730.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has rebounded from 1.0170; right now, it is forming the third ascending wave with the target at 1.0293. Later, the market may consolidate and then continue trading inside the uptrend towards 1.0360.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 112.02. Possibly, the pair may continue growing to reach 112.42 and then form a new descending structure to return to 112.02. If later the price breaks range to the downside, the instrument may continue falling with the target at 110.86; if to the upside – start a new growth to extend the wave towards 113.03.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still forming the third descending wave with the short-term target at 0.6925. After that, the instrument may be corrected to reach 0.7064 and then resume trading inside the downtrend.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has been corrected towards 64.29. Today, the pair may start a new decline to break 63.66 and then continue trading inside the downtrend with the short-term target at 63.03.
XAUUSD, “Gold vs US Dollar”
Gold has completed the ascending impulse at 1278.45. Possibly, today the pair may fall to reach 1271.44, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 1260.00; if to the upside – start another correction towards 1289.10.
BRENT
Brent is still consolidating around 74.00. Today, the pair may form one more ascending structure with the target at 75.05 and then form a new consolidation range. If later the price breaks range to the downside, the instrument may be corrected to reach 73.00; if to the upside – continue trading inside the uptrend towards 76.50.
