GBP/USD has formed the fifth wave towards 1.3436. This rise is still the fourth wave structurally. The basic scenario now is continuation of the downtrend. For now, the local target is 1,2800. This downward movement can start at any time, and the first target is 1.3150.
For the time being, USD/CHF is trading within the descending channel. A test of 0.9664 from above is not excluded. For us, the main scenario is forming a consolidation range, and if it is broken through upwards, we will anticipate yet another ascending wave towards 0.9800. This is the first target, and the main one is 0.9940.
USD/JPY currency pair has worked out its descending wave. We wouldn’t exclude the authority to intervene once again to lift the pair to 104.50. But the main scenario is still continuation of the downtrend towards 96.00. Level 98.00 is the local target here.
AUD/USD currency pair has worked out the ascending wave target and is currently trading within a consolidation range. If the low is broken through, we’ll anticipate yet another descending pattern to reach 0.7400. The first target is 0,7583.
USD/RUB is trading under pressure and declining. If the range is broken out downwards, the pair will have a chance to fall deeper to 62.95.
Gold is trading within its uptrend today. It can rise further to reach 1354.30. The target is a local one. Also, we can see a correction move towards 1336.00. And yet another possibility – rise of the metal to reach 1358,40.
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.