EUR/USD, “Euro vs US Dollar”
After finishing the correction at 1.2066, EURUSD is consolidating above this level. Possibly, the pair may break the range to the upside and reach the first target at 1.2140. After that, the instrument may resume trading downwards to reach 1.2104.
GBP/USD, “Great Britain Pound vs US Dollar”
After completing the descending wave at 1.3888, GBPUSD is correcting towards 1.4040. Later, the market may form a new descending structure to reach 1.3830 and then start another growth with the target at 1.4140.
USD/RUB, “US Dollar vs Russian Ruble”
After finishing the ascending impulse at 74.69, USDRUB is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 73.03; if to the upside – start another growth with the target at 75.80.
USD/JPY, “US Dollar vs Japanese Yen”
After completing the ascending wave at 106.55, USDJPY is consolidating around this level. Today, the pair may break the range to the downside and start another decline with the first target at 106.06. Later, the market may resume trading upwards to reach 106.36.
USD/CHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9070. Today, the par may expand the range up to 0.9115 and then start a new decline to break 0.9025. After that, the instrument may continue falling with the target at 0.8950.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has finished the descending wave at 0.7714; right now, it is growing to reach 0.7848. After that, the instrument may start a new decline towards 0.7760 and then form one more ascending structure with the target at 0.7950.
Brent
Brent has finished the correction at 64.22; right now, it is growing to reach 66.75. Later, the market may start another correction towards 65.10 and then resume moving upwards with the target at 68.82.
XAU/USD, “Gold vs US Dollar”
After reaching the downside target at 1720.30, Gold is growing to test 1764.80 from below. After that, the instrument may resume falling within the downtrend with the target at 1713.55 (at least).
BTC/USD, “Bitcoin vs US Dollar”
BTCUSD has finished the descending wave at 43000.00. Possibly, today the asset may grow to reach 48000.00 and then form a new descending structure with the target at 41700.00.
S&P 500
After finishing the descending wave at 3811.2, the S&P index is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 3726.9; if to the upside – start another growth with the target at 3973.0.
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
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.