EUR/USD, “Euro vs US Dollar”
Having completed the ascending wave at 1.1000 and then breaking this level, EURUSD is expected to continue growing towards 1.1042. After that, the instrument may resume falling to return to 1.1000 and then form one more ascending wave with the target at 1.1048.
GBP/USD, “Great Britain Pound vs US Dollar”
After finishing the ascending structure at 1.3212 and then breaking it to the upside, GBPUSD is expected to continue this correction up to 1.3255. Later, the market may resume trading downwards with the target at 1.3212.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY has completed the ascending wave at 122.40 along with the correction towards 121.40. Possibly, today the pair may start a new growth to reach 122.68 and then resume trading downwards with the target at 121.40.
USD/CHF, “US Dollar vs Swiss Franc”
Having completed the descending wave at 0.9263, USDCHF is consolidating above this level. Possibly, the pair may break the range to the upside and resume trading upwards with the target at 0.9317.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has finished the ascending wave at 0.7520. Today, the pair may consolidate around this level for a while. After that, the instrument may break the range to the downside and resume trading downwards with the target at 0.7390.
Brent
Having completed the correction at 117.00, Brent is expected to grow towards 124.80 and may later start a new correction to reach 112.50. After that, the instrument may resume trading upwards with the target at 127.00.
XAU/USD, “Gold vs US Dollar”
Gold has finished the ascending wave at 1966.00. Possibly, today the metal may correct down to 1941.60. Later, the market may grow towards 1969.56 or even extend this structure up to 1990.99.
S&P 500
The S&P index continues growing towards 4545.0 and may later start a new decline to reach 4450.0. After that, the instrument may form one more ascending structure towards 45590.0 and then resume moving within the downtrend with the target at 4070.0.
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 retreats toward 1.0850 on modest USD recovery
EUR/USD stays under modest bearish pressure and trades in negative territory at around 1.0850 after closing modestly lower on Thursday. In the absence of macroeconomic data releases, investors will continue to pay close attention to comments from Federal Reserve officials.
GBP/USD holds above 1.2650 following earlier decline
GBP/USD edges higher after falling to a daily low below 1.2650 in the European session on Friday. The US Dollar holds its ground following the selloff seen after April inflation data and makes it difficult for the pair to extend its rebound. Fed policymakers are scheduled to speak later in the day.
Gold climbs to multi-week highs above $2,400
Gold gathered bullish momentum and touched its highest level in nearly a month above $2,400. Although the benchmark 10-year US yield holds steady at around 4.4%, the cautious market stance supports XAU/USD heading into the weekend.
Chainlink social dominance hits six-month peak as LINK extends gains
-637336005550289133_XtraSmall.jpg)
Chainlink (LINK) social dominance increased sharply on Friday, exceeding levels seen in the past six months, along with the token’s price rally that started on Wednesday.
Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates
After cool US CPI, attention shifts to UK and Japanese inflation. Flash PMIs will be watched too amid signs of a rebound in Europe. Fed to stay in the spotlight as plethora of speakers, minutes on tap.