EUR/USD, “Euro vs US Dollar”
After forming a new consolidation range around 1.2033 and then breaking it to the downside, EURUSD has reached 1.1955. Possibly, today the pair may return to 1.2033 to test it from below and then start another decline with the target at 1.1955. After that, the instrument may resume trading upwards to reach 1.2111.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has finished the ascending structure at 1.4016; right now, it is falling to reach 1.3821. Later, the market may start another growth with the target at 1.4000.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is still consolidating below 73.43. Possibly, the pair may grow to reach 74.74 and then return to 73.43. Later, the market may break the latter level to the downside and continue trading downwards with the target at 72.50.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY continues extending the ascending wave; it has already reached 108.00. Today, the pair may consolidate close to the highs. After that, the instrument may break the range to the downside and continue trading downwards with the closest target at 106.90.
USD/CHF, “US Dollar vs Swiss Franc”
After completing the ascending wave at 0.9285, USDCHF is expected to consolidate there. Later, the market may break the range to the downside and resume trading downwards with the target at 0.9140.
AUD/USD, “Australian Dollar vs US Dollar”
After forming a new consolidation range above 0.7740 and breaking it to the downside, AUDUSD is falling to reach 0.7674. After that, the instrument may form one more ascending structure to return to 0.7740 and then resume falling with the target at 0.7650.
Brent
Brent has broken 66.00 to the upside; right now, it is still growing. Possibly, the asset may reach the short-term target at 69.00 and then form a new descending structure towards 66.10. After that, the instrument may resume moving upwards with the target at 70.00.
XAU/USD, “Gold vs US Dollar”
Gold is moving downwards; it has already reached 1700.00. Possibly, today the metal may reach 1664.00 and then start a new growth towards 1740.00. Later, the market may break this level and continue growing with the first target at 1900.00.
BTC/USD, “Bitcoin vs US Dollar”
After finishing the descending wave at 47400.00, BTCUSD is consolidating around this level. If the price breaks this range to the downside, the market may start another decline with the target at 42300.00.
S&P 500
After breaking 3780.5 to the downside, the S&P index is consolidating below this level. Today, the asset may continue trading downwards with the first target at 3658.0. Later, the market may start a new growth towards 3850.0.
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
EUR/USD hovers around 1.0700 after German IFO data
EUR/USD stays in a consolidation phase at around 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold price trades with mild negative bias, manages to hold above $2,300 ahead of US data
Gold price (XAU/USD) edges lower during the early European session on Wednesday, albeit manages to hold its neck above the $2,300 mark and over a two-week low touched the previous day.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.