EUR/USD, “Euro vs US Dollar”
Having finished the descending structure and reached the short-term target at 1.1414, EURUSD is expected to continue the correction to reach 1.1390. Possibly, today the pair may return to test 1.1436 from below and then complete the correction by falling towards 1.1390. Later, the market may resume trading upwards with the target at 1.1495.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has reached the short-term correctional target at 1.3653; right now, it is still growing to test 1.3697 from below. After that, the instrument may complete the correction by reaching 1.3645 and then form one more ascending structure with the target at 1.3760.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is falling towards 75.55 and may later start another correction to reach 76.26. After that, the instrument may resume trading downwards with the short-term target at 74.80.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is growing towards 114.54. Later, the market may start another decline with the target at 114.02.
USD/CHF, “US Dollar vs Swiss Franc”
Having finished the descending wave at 0.9086, USDCHF is expected to form one more ascending structure and reach 0.9222. After that, the instrument may start a new decline with the target at 0.9157.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is falling towards 0.7178. Later, the market may resume trading upwards with the target at 0.7333.
Brent
Brent has completed the ascending wave at 86.66. Today, the asset may correct towards 81.50 and then resume trading within the uptrend with the target at 91.90.
XAU/USD, “Gold vs US Dollar”
Having finished the descending wave at 1813.35, Gold is expected to form a new consolidation range around 1821.00. If later the price breaks this range to the upside, the market may resume trading upwards to reach 1838.13; if to the downside – start a new correction with the target at 1793.73.
S&P 500
After completing the descending structure at 4615.5, the S&P index is expected to grow towards 4735.0. If later the price breaks this level to the upside, the market may continue trading upwards with the target at 4852.2. On the other hand, if the asset falls and breaks 4615.5, the instrument may continue the correction down to 4498.0.
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
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold stays in consolidation above $2,300
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.