EUR/USD, “Euro vs US Dollar”

After completing the correction at 1.1815 along with another ascending structure towards 1.1880, EURUSD is still consolidating below the latter level. Possibly, the pair may fall to reach 1.1850 and then start another growth to break 1.1882. Later, the market may continue moving within the uptrend with the target at 1.1915 or even extend this structure to reach 1.2030.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD is still consolidating around 1.3232. Possibly, today the pair may grow to reach 1.3290 and then start a new correction towards 1.3240. After that, the instrument may resume growing to break 1.3315 and then continue trading upwards with the target at 1.3366.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has finished the correctional wave at 76.66. Today, the pair may fall to break 75.00 and then continue trading downwards with the first target at 74.60.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

After completing the correction at 104.15 and then rebounding from this level to the downside, USDJPY continues trading downwards to reach 103.30. After that, the instrument may start another growth to reach 103.90 and then form a new descending structure with the target at 102.50.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still falling with the target at 0.9090. Later, the market may correct to reach 0.9119 and then resume falling towards 0.9065.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.7256, AUDUSD has returned to 0.7292. Today, the pair may consolidate below the latter level. If later the price breaks this range to the downside, the market may resume falling with the target at 0.7244; if to the upside – start another growth towards 0.7339.

AUDUSD

BRENT

Brent is still consolidating around 44.24 without any particular direction. If the price breaks this range to the downside, the market may correct towards 42.40 and then resume growing with the target at 48.50; if to the upside – start another growth to break 45.45 and then continue trading upwards to reach the above-mentioned target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1866.26. Possibly, the metal may grow towards 1875.00 and then resume moving downwards to reach 1846.66. After that, the instrument may form one more ascending wave towards 1865.00 and then start a new decline with the target at 1840.00.

XAUUSD

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 17800.00. If the price breaks this range to the downside, the market may correct towards 15800.00 and then resume growing with the target at 18800.00; if to the upside – start another growth to reach the above-mentioned target.

BTCUSD

S&P 500

After completing the correction at 3580.0, the S&P index is consolidating around 3566.0. Possibly, the asset may start growing towards 3585.0 and then fall to return to 3566.0. If the price breaks this range to the downside, the market may form a new descending structure with the target at 3526.0; if to the upside – start another growth to reach 3656.8.

SP500

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.

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GBP/USD consolidates above 1.2500, eyes on US PCE data

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GBP/USD fluctuates at around 1.2500 in the European session on Friday following the three-day rebound. The PCE inflation data for March will be watched closely by market participants later in the day.

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Gold clings to modest daily gains at around $2,350

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Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.

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Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

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US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase. 

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