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.

EURUSD

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.

GBPUSD

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.

USDRUB

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.

USDJPY

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.

USDCHF

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.

AUDUSD

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.

Brent

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.

XAUUSD

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.

BTCUSD

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.

US500

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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Editors’ Picks

EUR/USD holds recovery gains above 1.0650, as risk appetite returns

EUR/USD holds recovery gains above 1.0650, as risk appetite returns

EUR/USD is clinging to recovery gains above 1.0650 in the Asian session on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week. 

EUR/USD News

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark

GBP/USD attracts some dip-buyers on Monday amid a softer USD, though lacks follow-through. Easing geopolitical tensions boosts investors’ confidence and undermines the safe-haven buck. Reduced Fed rate cut bets should help limit the USD losses and cap any further gains for the pair.

GBP/USD News

Gold price trades with modest losses below $2,400 mark, downside seems limited

Gold price trades with modest losses below $2,400 mark, downside seems limited

Gold price drifts lower on Monday amid hopes that the Iran-Israel conflict will not escalate further. Reduced Fed rate cut bets are keeping the US bond yields elevated and also exert pressure on the metal. The fundamental backdrop warrants caution before positioning for any further depreciating move.

Gold News

Meme coin madness returns after Bitcoin halving concludes

Meme coin madness returns after Bitcoin halving concludes

As Bitcoiners and cryptocurrency enthusiasts continue to celebrate the fourth Bitcoin halving, capital overflows are channeling into meme coins, causing key sector players to rally.

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Dollar Index in view ahead of data

Dollar Index in view ahead of data

Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. 

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