EUR/USD, “Euro vs US Dollar”
After updating the high at 1.0888, EUR/USD is falling towards 1.0856. Possibly, the pair may reach this level and then start another correction towards 1.0872. Later, the market may form a new descending structure with the short-term target at 1.0840.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed the ascending correction; right now, it is forming a new descending structure towards 1.2970. After that, the instrument may start another growth to reach 1.2993 and then trading downwards with the first target at 1.2929.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the descending structure at 0.9750, USD/CHF is trading upwards to reach 0.9799. Later, the market may start a new decline towards 0.9777 and then form one more ascending structure with the target at 0.9815.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is growing towards 111.10. The main scenario implies that the price may reach this level and then resume falling towards 110.60. After that, the instrument may form one more ascending structure with the target at 111.75.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is still consolidating around 0.6602 without any particular direction. If later the price breaks this range to the upside, the market may start a new correction towards 0.6666; if to the downside – resume trading inside the downtrend with the target at 0.6540.
USD/RUB, “US Dollar vs Russian Ruble”
After completing the descending impulse towards 64.74, USDRUB has returned to 65.57; right now, it is consolidating around 65.25. Possibly, the pair may expand the range up to 65.85 and then start a new decline towards 64.40. After that, the instrument may resume trading upwards with the target at 66.16.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is consolidating around 1.3288. If later the price breaks this range to the upside, the market may start a new growth towards 1.3344; if to the downside – continue the correction with the target at 1.3165.
XAU/USD, “Gold vs US Dollar”
Gold has broken 1641.00 to the downside. Possibly, today the pair may reach 1623.50 and then form one more ascending structure towards 1656.40. Later, the market may start a new decline with the target at 1609.70.
BRENT
Brent is moving downwards. Possibly, today the pair may reach 54.04 and then start another growth towards 55.22. After that, the instrument may form a new descending structure to reach 53.68 and then resume trading upwards with the target at 57.11.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is falling towards 8900.00. Later, the market may start another growth to reach 9600.00 and then resume trading downwards with the target at 8600.00.
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 climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.