EUR/USD, “Euro vs US Dollar”
EUR/USD has broken the consolidation range to the upside; right now, it is trading to return to 1.1015. After that, the instrument may continue falling to reach 1.0980. The key downside target is at 1.0864.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is consolidating below 1.2337. Possibly, the pair may fall with the first target at 1.2299.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed the ascending wave; right now, it is still at the top. Possibly, pair may break 0.9922 to the downside and then start a new correction with the target at 0.9868.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is moving upwards; it has finished one more ascending structure at 108.14. Today, the pair may consolidate near the highs. After breaking 107.95, the instrument may start another correction to reach 107.44. However, the price may choose an alternative scenario and continue growing with the target at 108.80 without any corrections.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has broken its consolidation range to the upside. Possibly, today the pair may form one more ascending structure to reach 0.6891 and then resume trading downwards with the target at 0.6849.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is still consolidating around 65.43. Possibly, today the pair may reach 65.17 and then resume trading upwards with the target at 65.65. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 66.16.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is moving upwards to reach 1.3220. Later, the market may form a new descending structure towards 1.3177 and then continue trading upwards with the target at 1.3255.
XAU/USD, “Gold vs US Dollar”
Gold is moving upwards to reach 1503.30. Later, the market may start a new decline towards 1494.94 and then resume trading upwards to break 1505.00. After that, the instrument may continue growing with the target at 1526.30.
BRENT
Brent has completed the descending correction at 61.00. Possibly, today the pair may start another growth to break 63.00 and then continue trading inside the uptrend with the target at 66.20.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is moving downwards. Today, the pair may fall to reach 9800.00 and then form one more ascending structure to return to 10180.00. After that, the instrument may continue trading inside the downtrend with the predicted target at 9500.00.
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.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.