TRENDING:

XAU/USD

EUR/USD

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming a new consolidation range around 1.1300, EURUSD is expected to break it to the downside and reach the target at 1.1250. Later, the market may correct towards 1.1350 and then resume trading within the downtrend with the target at 1.1174.

GBP/USD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the correction at 1.3500. Possibly, today the pair may fall to break 1.3400 and then continue falling with the short-term target at 1.3290.

USD/RUB, “US Dollar vs Russian Ruble”

After rebounding from 73.50, USDRUB is falling towards 71.80. Later, the market may resume trading upwards to reach 73.73 and then form a new descending structure with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correctional structure at 114.00; right now, it is growing to break 114.60 and may later continue trading upwards with the target at 115.27.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9300. Possibly, the pair may fall towards 0.9260 and then resume trading upwards with the target at 0.9340.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7275. Today, the pair may break the range to the downside and reach 0.7236. After that, the instrument may form one more ascending structure to reach 0.7300 and then resume trading downwards with the target at 0.7230.

Brent

Brent has finished the descending structure at 80.00. Possibly, today the asset may consolidate near the lows. Later, the market may expand the range to the downside and reach the short-term target at 79.00. After that, the instrument may grow to test 83.15 from below and then trade downwards with the target at 77.55.

XAU/USD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1870.00. Today, the metal may form a new descending structure to break 1846.55 and then continue trading downwards with the target at 1815.00.

S&P 500

The S&P index is consolidating around 4694.8. Possibly, the asset may resume falling towards 4673.3 and then resume trading upwards with the target at 4694.8.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

GBP/USD trims losses, disputes 1.3400

GBP/USD retreats after reaching a three-week high above 1.3430 and puts the 1.3400 region to the test on Thursday. Although easing political uncertainty in the UK helps the quid limit its downside, escalating tensions in the Middle East support the Greenback, keeping Cable under scrutiny.

EUR/USD off highs, back to 1.1430

EUR/USD loses momentum after briefly climbing to the 1.1450 area earlier in the day, revisiting the 1.1430 region on Thursday. Escalating tensions in the Middle East fail to underpin the US Dollar, although a broad sense of caution continues to prevail among market participants.

Gold climbs to two-day peaks near $4,130

Gold stages a modest rebound on Thursday, setting aside a three-day losing streak and managing to surpass the $4,100 mark per troy ounce. However, steady geopolitical tensions have revived concerns over persistently high global inflation, reinforcing expectations of higher rates across the board and somewhat curtailing the yellow metal’s upside potential.

Bitcoin stalls as mixed ETF flows, renewed US-Iran tensions cap upside

Bitcoin trades at $63,000 on Thursday, recovering slightly after facing rejection near $64,000. Renewed geopolitical uncertainty has dampened risk appetite, limiting BTC upside potential.

Japan may be changing its Yen strategy, but markets don’t look scared

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.