EUR/USD, “Euro vs US Dollar”
After finishing the correction at 1.1838 along with another descending wave towards 1.1768, EURUSD is expected to consolidate above the latter level. Possibly, the pair may correct to test 1.1820 from below and then resume trading downwards with the short-term target at 1.1682.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.3040. Possibly, today the pair may fall to reach 1.3003 and then grow towards 1.3080. After that, the instrument may break the range to the downside to resume falling and break 1.2939. Later, the market may continue trading within the downtrend with the short-term target at 1.2777.
USD/RUB, “US Dollar vs Russian Ruble”
After forming the consolidation range above 76.00 and breaking it to the upside, USDRUB is expected to grow towards 77.44 and may later resume moving inside the downtrend to reach 76.70, thus forming a new consolidation range between the two latter levels.
USD/JPY, “US Dollar vs Japanese Yen”
After finishing the descending structure at 104.40 and breaking this level to the downside, USDJPY is expected to continue moving downwards with the short-term target at 103.83. After that, the instrument may correct to return to 104.40 and test it from below.
USD/CHF, “US Dollar vs Swiss Franc”
After completing the ascending structure at 0.9098, USDCHF is consolidating below this level. Today, the pair may break the range to the upside and reach the short-term target at 0.9137. Later, the market may start another correction to test 0.9098 from below and then resume trading within the uptrend to reach 0.9166.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7124 without any particular direction. Possibly, the pair may expand the range up to 0.7150 and then resume falling to break 0.7094. After that, the instrument may continue moving within the downtrend with the target at 0.7050.
BRENT
After completing the ascending structure and testing 41.80 from below, Brent is moving downwards to break 40.50. Later, the market may continue falling towards 39.50 and then start a new correction to return to 41.80.
XAU/USD, “Gold vs US Dollar”
Gold is still consolidating around 1903.00. Possibly, the pair may expand the range up to 1913.50 and then form a new descending structure to break 1897.80, Later, the market may continue trading within the downtrend with the short-term target at 1872.00.
BTC/USD, “Bitcoin vs US Dollar”
After finishing another ascending structure at 13500.00 and forming the consolidation range above this level, BTCUSD has broken the range to the upside. Possibly, the asset may continue moving upwards to reach 14000.00 or even extend this structure up to 14250.00. After that, the instrument may start another correction with the target at 13000.00.
SP 500
After rebounding from 3418.1 to the downside, the S&P index is expected to resume moving within the downtrend to reach 3335.3. Later, the market may correct towards 3400.0 and then start a new decline with the short-term target at 3275.0.
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
GBP/USD trims a part of intraday losses, down a little below 1.3200 ahead of BoE
The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.
EUR/USD flat lines above 1.1100 after Fed's bumper rate cut
The EUR/USD pair trades flat during the early European session on Thursday. The major pair initially edges higher to monthly highs of 1.1189 after a large rate cut by the Federal Reserve at its September meeting and eases back to near 1.1120.
Gold defends $2,550 in the Fed’s aftermath, ahead of US data
Gold price is defending $2,550 early Thursday, catching a breath after intense volatility witnessed in the aftermath of the all-important US Federal Reserve monetary policy announcements and Fed Chairman Jerome Powell’s press conference.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.