EUR/USD, “Euro vs US Dollar”
After rebounding from 1.1618, finishing another ascending wave at 1.1646, and then forming a new consolidation range above the latter level, EURUSD has broken it to the upside and may later continue trading upwards to reach 1.1687. If later the price breaks this level to the upside, the market may continue growing with the target at 1.1717 to test it from below.
GBP/USD, “Great Britain Pound vs US Dollar”
After rebounded from 1.3742, GBPUSD is forming one more ascending wave towards 1.3844. After that, the instrument may resume trading downwards to reach 1.3777 and then start another growth with the target at 1.3886.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB is still forming a narrow consolidation range around 70.90. Possibly, the pair may break it to the downside and start another decline with the target at 70.48.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 113.79. Possibly, the pair may break this level and continue trading downwards with the target at 113.33.
USD/CHF, “US Dollar vs Swiss Franc”
USDCHF has completed another descending structure at 0.9186; right now, it is consolidating above this level. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 0.9217; if to the downside – form a new descending structure towards 0.9170.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has expanded its consolidation range up to 0.7545. Today, the pair may fall to break 0.7480 and then continue trading downwards with the target at 0.7418.
Brent
Brent has formed a new consolidation range around 86.50. Possibly, today the asset may form one more ascending structure to break 87.11 and then continue trading within the uptrend with the target at 90.00.
XAU/USD, “Gold vs US Dollar”
Gold has finished the ascending wave at 1786.06; right now, it is consolidating around 1782.22. If later the price breaks this range to the upside, the market may resume trading upwards with the short-term target at 1798.13.
S&P 500
After finishing the ascending structure at 4540.2, the S&P index is expected to fall towards 4492.5. After that, the instrument may break the latter level to the downside and continue trading downwards with the first target at 4377.0.
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
AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP
The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.
USD/JPY finds its highest bids since 1990, approaches 156.00
USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market.
Gold stays firm amid higher US yields as traders await US GDP data
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.
Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30
Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data
The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.