Gold has completed the first ascending impulse and the correction. After breaking the top of the impulse to the upside, the market may grow towards 1220. However, if the top of the impulse is broken to the downside, the instrument may move downwards with the target at 1160.
The EUR/USD pair is forming a new ascending wave. Possibly, today the market may rebound from 1.0591. The downside target is at 1.0495. After that, the instrument may be corrected towards 1.0591.
Being under pressure, the GBP/USD pair is moving upwards. We think, today the price may continue forming the ascending wave with the target at 1.2796. Later, in our opinion, the market may start falling to reach 1.2550.
The USD/CHF pair is forming a new ascending structure with the target at 1.0205. We think, today the price may reach 1.0203 and then return to 1.0140. Later, in our opinion, the market may continue growing to reach the target.
The USD/JPY pair is falling to reach 112.50 Later, in our opinion, the market may be corrected towards 113.50 and then continue falling to reach 106.00. An alternative scenario suggests that the instrument may grow to reach a new high.
The AUD/USD pair is consolidating in the center of the range. We think, today the price may continue growing to reach its upside border. If the pair breaks the range upwards, it may grow to reach 0.7550. However, if the range is broken downwards, the instrument may continue falling inside the downtrend with the target […]