EUR/USD, “Euro vs US Dollar”
After forming a new consolidation range and breaking 1.1577 to the upside, EURUSD is still correcting towards 1.1612. Later, the market may fall to break 1.1533 and then continue trading downwards with the short-term target at 1.1490.
GBP/USD, “Great Britain Pound vs US Dollar”
After forming a new consolidation rang around 1.3666 and breaking it to the downside, GBPUSD is expected to continue falling within the downtrend towards 1.3608. Later, the market may correct to test 1.3666 from below and then resume falling with the target at 1.3490.
USD/RUB, “US Dollar vs Russian Ruble”
After expanding the consolidation range up to 71.25, USDRUB is expected to resume falling towards 70.60 and may later form one more ascending structure with the target at 72.00 to complete the correction. Later, the market may start another decline to reach 69.20.
USD/JPY, “US Dollar vs Japanese Yen”
After returning to 113.86, USDJPY is expected to consolidate around this level. If later the price breaks this range to the downside, the market may resume falling towards 113.28 and then start a new growth with the target at 113.86.
USD/CHF, “US Dollar vs Swiss Franc”
After breaking 0.9128 and then reaching the short-term downside target at 0.9090, USDCHF is forming a new consolidation range above the latter level. If later the price breaks this range to the upside, the market may grow to reach 0.9128; if to the downside – resume falling to complete the descending wave at 0.9080 and then start another growth with the target at 0.9150.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD continues forming the descending wave towards 0.7466. After that, the instrument may correct to reach 0.7511 and resume trading downwards with the target at 0.7400.
Brent
After breaking 85.05 to the upside, Brent is expected to continue growing and reach 86.50. After that, the instrument may correct to return to 85.05 and then resume trading upwards with the target at 88.00.
XAU/USD, “Gold vs US Dollar”
Gold has broken 1784.60; right now, it is still growing towards 1798.00. After that, the instrument may correct to return to 1785.00 and then resume trading upwards with the target at 1825.80.
S&P 500
After completing the ascending structure at 4627.8 along with the correction towards 4596.0, the S&P index is consolidating above the latter level. Later, the market may break the range to the upside and start another growth towards with the target at 4639.0.
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 remains under pressure above 0.6400
AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.
EUR/USD faces decent contention around 1.0600
The knee-jerk in the Greenback reignited some buying interest in the risk complex and pushed EUR/USD to three-day highs near 1.0680, rapidly leaving behind the recent yearly low around 1.0600.
Gold eases despite risk-off mood
Gold trades in a relatively tight range near $2,390 in the second half of the day on Wednesday. In the absence of high-tier data releases, investors keep a close eye on headlines surrounding the Iran-Israel conflict.
Ethereum trades around the $3,000 support following a surge in validator queue
Ethereum (ETH) continued a sideways movement on Wednesday as investors seemed to be waiting for an upward or downward price catalyst. Despite the price stagnancy, the ETH validator queue - possibly fueled by the DeFi restaking boom - rose sharply.
Markets stabilize after Powell rules out rate hike, but the signs don’t look good
Markets are volatile right now; however, a relative calm has descended on the market and US. US stocks are down a touch, but the Vix is lower, US Treasury yields are lower, and the dollar is mostly lower vs. its G10 FX counterparts.