EUR/USD, “Euro vs US Dollar”
EURUSD has almost completed the correction by reaching 1.1815. Possibly, today the pair may resume trading downwards to break 1.1780 and then continue falling within the downtrend towards 1.1744 or even reach the target at 1.1730.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is testing 1.3838 from below. Possibly, the pair may rebound and form a new descending structure to break 1.3688. Later, the market may continue trading downwards with the target at 1.3470.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correctional structure at 74.20. Today, the pair may fall to break 73.44 and then continue trading downwards with the short-term target at 72.72.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is forming the first descending wave towards 110.07. Later, the market may start a new correction to reach 110.33 and then resume falling within the downtrend with the target at 109.50.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the correction at 0.9148, USDCHF is expected to consolidate near the lows. Possibly, the pair may break the range to the upside and form one more ascending structure to break 0.9212. Later, the market may continue trading within the uptrend with the short-term target at 0.9277.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating below 0.7388. Today, the pair may fall towards 0.7272 and then correct to return to 0.7380. After that, the instrument may resume trading downwards with the target at 0.7171.
Brent
After breaking 74.44, Brent continues growing. Possibly, the asset may reach 75.55 and then start a new correction towards 72.50. After that, the instrument may form one more ascending structure with the target at 77.00.
XAU/USD, “Gold vs US Dollar”
After rebounding from 1811.10, Gold is still falling to break 1790.50. Later, the market may continue trading downwards with the short-term target at 1765.55.
S&P 500
The S&P index is still moving upwards. Today, the asset may consolidate around 4414.4. If the price breaks this range to the upside, the market may continue growing to reach 4430.4. After that, the instrument may start a new decline with the first target at 4331.4.
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 turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.