EUR/USD, “Euro vs US Dollar”
After completing the ascending structure at 1.0935 and forming a new consolidation range as an upside continuation pattern, EURUSD has broken it upwards; right now, it is still growing towards 1.1090. Possibly, today the pair may reach this level and then start a new decline towards 1.1015. Later, the market may form one more ascending structure with the target at 1.1125.
GBP/USD, “Great Britain Pound vs US Dollar”
After breaking 1.1981, GBPUSD is moving upwards to reach 1.2323. After that, the instrument may correct to the downside to return to 1.1981 and then form one more ascending structure with the target at 1.2505.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is falling to reach 0.9600. Later, the market may correct towards 0.9680 and then resume trading downwards with the target at 0.9530.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has finished the descending structure at 108.40. Today, the pair may consolidate near the lows. If later the price breaks this range to the upside, the market may start another correction towards 110.10 and then resume falling to break 108.00. After that, the instrument may continue trading inside the downtrend with the target at 105.80.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD continues forming the fifth ascending wave towards 0.6136. After that, the instrument may correct to the downside with the target at 0.5822 and then resume trading upwards to reach 0.6060.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is still consolidating around 78.00; by now, it has reached 77.20. Possibly, the pair may grow to reach 78.50 and then resume trading downwards to break 77.00. Later, the market may continue falling with the target at 75.50.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is still falling. Today, the pair may reach 1.4000. Later, the market may correct grow towards 1.4141 and then form a new descending structure with the target at 1.3780.
XAU/USD, “Gold vs US Dollar”
Gold is consolidating above 1619.00. Possibly, the pair may grow towards 1645.00 and then start a new decline to break 1600.00. After that, the instrument may continue the correction with the target at 1551.00.
BRENT
Brent falling. Possibly, today the pair may reach 25.25 and then form one more ascending structure to break 27.00. Later, the market may continue trading upwards with the target at 30.33.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is still consolidating around 6600.00 without any particular direction. The main scenario implies that the instrument may resume growing to reach 7500.00 and then correct towards 5700.00.
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 fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold stays in consolidation above $2,300
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.