EUR/USD, “Euro vs US Dollar”
After finishing the ascending wave at 1.2325 along with the correction towards 1.2283, EURUSD is expected to continue the correction to reach 1.2257 and then grow to break 1.2300. After that, the instrument may continue trading upwards with the short-term target at 1.2350 to complete this ascending wave. Later, the market may start a new correction towards 1.2000.
GBP/USD, “Great Britain Pound vs US Dollar”
After completing the ascending wave at 1.3636 along with the correctio towards 1.3589, GBPUSD is expected to return to 1.3636 and break it to the upside. Later, the market may complete this ascending wave by reaching 1.3722 and then form a new descending structure with the target at 1.3400.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB has expanded its consolidation range up to 75.15. Today, the pair may form a new descending structure to break 73.30 and then continue trading downwards with the short-term target at 72.15.
USD/JPY, “US Dollar vs Japanese Yen”
After completing the descending wave at 102.60, USDJPY is expected to start a new correction towards 103.00 and may later resume falling to reach 102.50. After that, the instrument may form one more ascending structure with the target at 106.00.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the descending wave at 0.8776, USDCHF is expected to correct towards 0.8818 and may later resume trading downwards to reach 0.8750. After that, the instrument may start a new growth with the target at 0.8900.
AUD/USD, “Australian Dollar vs US Dollar”
After breaking 0.7706 and then reaching 0.7776, AUDUSD is expected to form a new correctional structure towards 0.7707. Later, the market may start another growth to reach 0.7780 and then resume falling with the target at 0.7666.
BRENT
After completing the ascending impulse at 53.50, Brent is consolidating above this level. If later the price breaks this range to the downside, the market may correct towards 52.48; if to the upside – expand the range up to 54.40 and then start a new correction with the target at 51.40.
XAU/USD, “Gold vs US Dollar”
Gold has finished the ascending wave at 1948.70. Possibly, today the metal may consolidate around this level. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1857.23.
BTC/USD, “Bitcoin vs US Dollar”
After completing the ascending wave at 33800.00, BTCUSD is consolidating above this level. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 35550.00; if to the downside – resume trading downwards with the target at 30500.00.
S&P 500
After finishing the correctional wave at 3722.9, the S&P index is falling to break 3671.1. Later, the market may continue moving downwards with the short-term target at 3615.4.
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 in positive territory above 1.0850 after US data
EUR/USD clings to modest daily gains above 1.0850 in the second half of the day on Friday. The improving risk mood makes it difficult for the US Dollar to hold its ground after PCE inflation data, helping the pair edge higher ahead of the weekend.
GBP/USD stabilizes above 1.2850 as risk mood improves
GBP/USD maintains recovery momentum and fluctuates above 1.2850 in the American session on Friday. The positive shift seen in risk mood doesn't allow the US Dollar to preserve its strength and supports the pair.
Gold rebounds above $2,380 as US yields stretch lower
Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside.
Avalanche price sets for a rally following retest of key support level
Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.
The election, Trump's Dollar policy, and the future of the Yen
After an assassination attempt on former President Donald Trump and drop out of President Biden, Kamala Harris has been endorsed as the Democratic candidate to compete against Trump in the upcoming November US presidential election.