EUR/USD, “Euro vs US Dollar”
After finishing the correction at 1.1571 along with the descending impulse towards 1.1546, EURUSD is expected to break the low of this impulse at 1.1537 and then grow towards 1.1555, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may resume falling to reach 1.1519 or even extend this descending wave towards 1.1502; if to the upside – start another correction with the target at 1.1640.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has broken 1.3593 to the upside. Possibly, the pair may continue trading upwards to reach 1.3642 and then form a new descending structure with the target at 1.3535. Later, the market may start another growth towards 1.3595.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB has completed the descending wave at 71.70. Today, the pair may correct to test 72.34 from below and then resume trading downwards with the target at 71.44.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is trading upwards and may later reach 112.07. After that, the instrument may start a new correction with the target at 110.52.
USD/CHF, “US Dollar vs Swiss Franc”
After breaking 0.9282 to the upside, USDCHF is expected to continue growing to beak 0.9310. Later, the market may continue trading upwards with the short-term target at 0.9367.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has completed the ascending wave at 0.7323; right now, it is consolidating below this level. Possibly, the pair may break the range to the downside and resume moving downwards with the first target at 0.7246.
Brent
After finishing the correction at 79.50, Brent is forming one more ascending wave towards 85.00. After that, the instrument may resume trading downwards with the target at 82.22.
XAU/USD, “Gold vs US Dollar”
Gold is growing to break 1769.06. Later, the market may continue trading upwards with the short-term target at 1790.18.
S&P 500
The S&P index has completed the ascending wave at 4400.0; right now, it is consolidating around this level. Possibly, today the asset may break the range to the downside and reach 4300.0. Later, the market may break this level and continue trading downwards with the target at 4234.4.
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 clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.