EUR/USD, “Euro vs US Dollar”
After completing the descending structure at 1.1218 along with the correction towards 1.1251, EURUSD is expected to fall and break 1.1210 and then continue trading downwards to reach 1.1180. Later, the market may return to 1.1218 to test it from below and then form a new descending structure with the target at 1.1150.
GBP/USD, “Great Britain Pound vs US Dollar”
After reaching another downside target at 1.2270, GBPUSD has completed the correction towards 1.2319; right now, it is falling to reach 1.2213. After that, the instrument may start another correction with the target at 1.2320.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB has finished the ascending structure at 70.35. Possibly, today the pair may correct towards 69.69 and then resume trading upwards to reach 70.84. After that, the instrument may start another correction with the target at 69.70.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is growing towards 108.00. Later, the market may correct to reach 107.51 and then continue trading upwards with the short-term target at 108.20.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is growing towards 0.9537. After that, the instrument may correct to reach 0.9490 and then resume trading upwards with the target at 0.9577 or even 0.9660.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is still consolidating around 0.6860. Today, the pair may break the range to the downside and then continue trading downwards with the first target at 0.6780.
BRENT
After completing the correction at 41.90, Brent is expected to fall towards 40.70, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 45.20; if to the downside – start a new correction to reach 37.57.
XAU/USD, “Gold vs US Dollar”
Gold is still consolidating around 1770.00. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 1790.00; if to the downside – start another correction to reach 1755.00.
BTC/USD, “Bitcoin vs US Dollar”
After completing the correction at 9200.00, BTCUSD is expected to fall to break 9000.00. Later, the market may continue trading downwards to with the target at 8700.00. And that’s just a half of another descending wave.
SP 500
The Index is consolidating around 3050.5. Possibly, today the asset may fall to break 3000.0 and then continue trading inside the downtrend with the short-term target at 2900.0.
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 stays below 1.0700 ahead of US data
EUR/USD stays in a consolidation phase slightly below 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
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 manages to hold above $2,300
Gold struggles to stage a rebound 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% ahead of US data, not allowing XAU/USD to gain traction.
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.