TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is falling with the short-term at 1.1724. Possibly, today the pair may correct to test 1.1787 from below and then resume trading downwards to reach the above-mentioned target. After that, the instrument may form one more ascending structure to return to 1,1787 and then start another decline with the target at 1.1695.

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

After breaking 1.3688, GBPUSD is expected to correct towards 1.3800. Later, the market may form a new descending structure to break 1.3571 and then continue trading downwards with the short-term target at 1.3470.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending wave at 73.50. Today, the pair may consolidate above this level. If later the price breaks this range to the downside, the market may start a new decline with the short-term target at 72.16.

USD/JPY, “US Dollar vs Japanese Yen”

After reaching the short-term downside target at 109.06, USDJPY is about to complete the correction at 110.50. Later, the market may start a new decline to break 109.06 and then continue falling within the downtrend with the first target at 108.11.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9200. Possibly, today the pair may correct towards 0.9105 and then form one more ascending structure with the target at 0.9320.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is falling towards 0.7272. After that, the instrument may correct to test 0.7385 from below and then resume trading downwards with the short-term target at 0.7171.

Brent

After breaking 73.00, Brent is expected to continue growing towards 77.00. After that, the instrument may start a new correction to test 73.00 from above and then form one more ascending structure with the target at 81.00.

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1790.50, Gold is correcting to test 1813.20 from below. Later, the market may resume trading downwards to break 1790.50 and then continue falling with the target at 1765.55.

S&P 500

The S&P index is still consolidating around 4331.4. Today, the asset may expand the range up to 4430.0 and then start a new decline to return to 4331.4. If the price breaks this with, the market may continue falling with the first target at 4232.2.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.