EUR/USD, “Euro vs US Dollar”
After completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444.
GBP/USD, “Great Britain Pound vs US Dollar”
Having finished the ascending wave at 1.3648, GBPUSD is expected to correct towards 1.3600. After that, the instrument may start a new growth to break 1.3648 and then continue trading upwards with the target at 1.3705.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB has completed the descending impulse at 75.82 along with the correction towards 76.45. Today, the pair may start another decline to break 75.80 and then continue trading downwards with the short-term target at 75.00.
USD/JPY, “US Dollar vs Japanese Yen”
Having completed the descending wave at 114.24, USDJPY is correcting towards 114.48. Later, the market may resume falling with the target at 113.90.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the correction at 0.9140, USDCHF is expected to grow and break 0.9178. Later, the market may continue trading upwards with the target at 0.9209.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has finished the ascending wave at 0.7255. Today, the pair may correct to reach 0.7206 and then resume trading upwards with the target at 0.7280.
Brent
Brent is still consolidating below 89.20. Possibly, today the asset may correct to reach 84.44 and then resume trading within the uptrend with the target at 91.44.
XAU/USD, “Gold vs US Dollar”
Gold has finished the ascending structure at 1844.00. Today, the metal may correct towards 1826.95. After that, the instrument may form one more ascending structure to break 1848.45 and then continue trading upwards with the target at 1855.55.
S&P 500
The S&P index is still consolidating around 4564.5. Possibly, the asset may break the range to the downside and continue the correction with the short-term target at 4388.3. After that, the instrument may form one more ascending structure to test 4564.5 from below.
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 extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold closes below key $2,318 support, US GDP holds the key
Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
Meta takes a guidance slide amidst the battle between yields and earnings
Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter GDP data.