EUR/USD, “Euro vs US Dollar”
EUR/USD is moving downwards. Possibly, today the pair may reach 1.1012 and then grow to break 1.1035. Later, the market may continue trading upwards with the target at 1.1060.
GBP/USD, “Great Britain Pound vs US Dollar”
After forming another consolidation range around 1.3094, GBP/USD has broken it to the downside. Today, the pair may reach 1.3017 and then start a new correction to return to 1.3094 and test it from below.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is consolidating around 0.9696. Possibly, today the pair may expand the range down to 0.9685 and then form one more ascending structure towards 0.9723. After that, the instrument may resume trading downwards with the target at 0.9660.
USD/JPY, “US Dollar vs Japanese Yen”
After reaching the first downside target at 108.80, USDJPY is correcting towards 109.57 to test it from below. Later, the market may resume trading inside the downtrend with the target at 107.70.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has reached the short-term predicted downside target at 0.6811; the entire movement is considered as the third descending wave. Possibly, the pair may consolidate near the current lows. After that, the instrument may break the range to the downside and continue moving downwards with the target at 0.6755.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is still consolidating around 61.90 without any particular direction. According to the main scenario, the price is expected to continue the correction with the target at 63.00. Possibly, today the pair may grow to reach 62.15 and then form a new descending structure towards 61.91. Later, the market may resume trading upwards with the above-mentioned target.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD has broken 1.3147 to the upside. Possibly, the pair may continue growing towards 1.3170 and then start another decline to return to 1.3147. After that, the instrument may form one more ascending structure with the target at 1.3177.
XAU/USD, “Gold vs US Dollar”
After the gap this morning, which made Gold complete its ascending structure at 1587.83, the pair has finished the descending impulse towards 1577.83; right now, it is consolidating above the latter level. Possibly, the pair may fall to reach 1567.56 and then resume trading upwards to test 1577.18 from below.
BRENT
Brent is moving downwards. Today, the pair may reach 58.62 and then start another growth to break 60.60. Later, the market may form one more ascending structure with the target at 62.30.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is moving upwards; it has already broken 8444.00 to the upside. The main scenario implies that the pair may start a new correction towards 8720.00. After that, the instrument may resume trading downwards to reach 8050.00.
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 clings to gains near 1.0700, awaits key US data
EUR/USD clings to gains near the 1.0700 level in early Europe on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
Gold price remains confined in a narrow band for the second straight day on Thursday. Reduced Fed rate cut bets and a positive risk tone cap the upside for the commodity. Traders now await key US macro data before positioning for the near-term trajectory.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Meta takes a guidance slide amidst the battle between yields and earnings
Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter gross domestic product (GDP) data on Thursday.