EUR/USD, “Euro vs US Dollar”
After completing the descending wave at 1.1753, EURUSD is consolidating around 1.1761. If later the price breaks this range to the upside, the market may start a new correction towards 1.1800; if to the downside – resume trading within the downtrend with the target at 1.1670.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.3791. Possibly, today the pair may expand the range up to 1.3812 and then resume falling towards 1.3750 or even reach the short-term target at 1.3737.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB has completed another descending structure at 72.38. Today, the pair may test 72.77 from below and then form a new descending structure to reach 72.25. Later, the market may break this level and continue trading within the downtrend with the target at 72.00.
USD/JPY, “US Dollar vs Japanese Yen”
After finishing the correction at 109.89, USDJPY is expected to fall and break 109.36. After that, the instrument may continue trading downwards with the first target at 108.85.
USD/CHF, “US Dollar vs Swiss Franc”
After completing the ascending wave at 0.9260, USDCHF is consolidating around this level. Possibly, today the pair may expand the range down and up to 0.9242 and 0.9298 respectively. If later the price breaks this range to the downside, the market may start a new correction towards 0.9230; if to the upside – resume trading within the uptrend with the target at 0.9350.
AUD/USD, “Australian Dollar vs US Dollar”
After reaching the short-term downside target at 0.7281, AUDUSD is correcting towards 0.7324. Later, the market may continue falling with the target at 0.7242.
Brent
Brent is still consolidating around 75.30. Today, the asset may fall to reach 74.30 and then start a new growth with the target at 77.91.
XAU/USD, “Gold vs US Dollar”
After breaking 1780.80, Gold has completed the descending wave at 1750.00. Possibly, today the metal may form one more ascending structure towards 1765.00. Later, the market may fall to reach 1758.40 and then resume trading upwards with the target at 1771.45.
S&P 500
After forming a new consolidation range above 4462.4, the S&P index is expected to expand this range up to 4492.8. After that, the instrument may form a new descending structure to break 4440.0 and then continue falling with the short-term target at 4425.0.
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
USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected
USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask
US FBI has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.