EUR/USD, “Euro vs US Dollar”
After completing the ascending waveу at 1.1844 and rebounding from this level, EURUSD is falling towards 1.1780 and may later start a new growth to reach 1.1812. In fact, the pair is expected to consolidate around the latter level.
GBP/USD, “Great Britain Pound vs US Dollar”
After finishing the ascending wave at 1.3910 and then rebounding from this level, GBPUSD is forming a new descending structure with the target at 1.3735 and has already reached 1.3792. Possibly, today the pair may start another correction to reach 1.3823 and then resume falling towards the above-mentioned target. Later, the market may form one more ascending structure towards 1.3792.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB has completed the descending wave at 72.55 along with the correction towards 72.90. Today, the pair may form a new descending structure to reach 72.25 and start another growth towards 72.80. Later, the market may resume trading within the downtrend with the target at 72.00.
USD/JPY, “US Dollar vs Japanese Yen”
After rebounding from 110.14, USDJPY is still falling and has already reached 109.63; right now, it is consolidating around the latter level. Possibly, the pair may break the range to the downside and resume trading downwards with the short-term target at 109.06.
USD/CHF, “US Dollar vs Swiss Franc”
USDCHF is still correcting towards 0.9170. Possibly, today the pair may reach this level and start another growth to break 0.9205. After that, the instrument may continue trading upwards with the target at 0.9250.
AUD/USD, “Australian Dollar vs US Dollar”
After finishing the descending wave at 0.7324, AUDUSD is consolidating around this level. Today, the pair may break the range to the downside and resume falling towards 0.7281. Later, the market may correct to return to 0.7324 and then start a new decline with the target at 0.7242.
Brent
Brent has completed the ascending wave at 74.41 along with the correction towards 73.30, thus forming a new consolidation range around these two levels. Today, the asset may grow to break 74.40 and then continue trading within the uptrend with the target at 75.50. After that, the instrument may start a new correction to return to 73.30 and then form one more ascending wave to reach 78.00.
XAU/USD, “Gold vs US Dollar”
Gold is still consolidating below 1807.98. Possibly, today the asset may fall to test 1798.25 from above and then form one more ascending structure towards 1818.64. Later, the market may fall to break 1798.25 and then continue trading within the downtrend with the target at 1775.95.
S&P 500
The S&P index is falling towards 4425.0 and may later correct to test 4478.0 from below. After that, the instrument may form a new descending structure with the first target at 4405.4.
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 edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.