EUR/USD, “Euro vs US Dollar”

The currency pair formed a consolidation area around 1.1808 and broke it away upwards. Practically, the market suggested the extension on the wave of growth. Today the market has reached the local goal of this extension at 1.1877. We expect a new consolidation are to form under 1.1877, which might extend to 1.1880. Then the price might escape this range downwards, correcting to 1.1803 (a test from above) and then grow to 1.1909.

EURUSD

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

The currency pair formed a consolidation area under 1 3911 and with an escaped downwards corrected to 1.3804. Today another link of growth to 1.3936 might develop. Then we expect a decline to 1.3804.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

The currency formed a consolidation area around 76.46 and with an escape upwards practically suggests the development of another wave of growth to 77.77. After this level is reached, we expect a decline to 75.15.

USDRUB

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair completed the structure of a declining wave towards 109.84. Today the market is forming a consolidation range under this level. A decline to 109.50 is possible, followed by growth to 110.16 and another decline to 109.35.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair completed a structure of growth to 0.9395. Then the market completed the fifth structure of a declining wave to 0.9307. Today we expect a consolidation range to develop around this level. The main scenario is an escape upwards to 0.9395.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair keeps developing a consolidation range under 0.7657. Today we expect it to escape the range downwards to 0.7454 and then — grow to 0.7727.

AUDUSD

Brent

Oil keeps developing a consolidation range around 63.00. Today it might fall to 60.00. After this level is reached, we expect a new wave of growth to 65.50 to start.

Brent

XAU/USD, “Gold vs US Dollar”

Gold keeps developing a wave of growth to 1755.73. After this level is reached, we expect a link of correction to 1720.20. After the correction is over, we expect growth to 1900.00.

XAUUSD

S&P 500

The stock index has completed a wave of growth to 4077.0. Today the market is trading in a consolidation range around this level. We expect a correctional decline to 3960.3. The goal is first.

SP 500

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.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD consolidates above 1.2000 as USD bulls take a breather

EUR/USD is in downside consolidation above 1.2000 amid risk-off mood. The US dollar clings to overnight recovery gains while the yields steady. J&J’s covid vaccine news fails to cheer the euro amid rising infections globally.

EUR/USD News

GBP/USD remains pressured below 1.3950 amid mixed UK data

GBP/USD holds lower ground below 1.3950, extending the pullback from seven-week highs. The US dollar’s strength, Brexit jitters and covid woes supersede the upbeat UK jobs data and re-opening optimism. UK CPI misses estimates with 0.7% in March.

GBP/USD News

Gold likely to face stiff resistance near $1795-$1800, focus on yields

Gold (XAU/USD) rebounded on Tuesday as the US Treasury yields tumbled alongside global stocks. Surging covid infections globally brought a reality check into the markets and triggered a fresh risk-aversion wave.

Gold News

ETH price eyes all-time highs as ETFs receive approval in Canada

Canada’s Ontario Securities Commission approved three Ethereum ETFs on April 20. This move comes after the recently launched Bitcoin ETF surpassed $1 billion in AUM. Ethereum price looks to surge 15% to retest recently set up highs around $2,548.

Read more

Markets tumble as covid fears overshadow vaccination drive

European markets have been hit hard, with rising global Covid cases serving as a reminder of how mutations could derail the recovery. Meanwhile, improved jobs data has helped the pound, but comes to the detriment of the FTSE 100. 

Read more

Majors

Cryptocurrencies

Signatures