EUR/USD, “Euro vs US Dollar”
The currency pair continues developing a consolidation range above 1.0595. Today the range may extend to 1.0662. This will be a correction for the whole wave of decline. After this correction is over, a decline to 1.0595 should be expected. And after a breakaway of this level, a pathway down to 1.0530 should open. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 should follow. The goal is first.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair completed a wave of decline to 1.2054. Today the market is performing a link of correction to 1.2145. After this level is reached, a pathway down to 1.2020 should open. Then a correction to 1.2130 and a decline to 1.1900 should follow. The goal is first.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair is forming a consolidation range around 131.76. A link of growth to 132.85 is not excluded, followed by a decline to 130.62. And with a breakaway of this level, a pathway down to 128.28 will open. The goal is first.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair continues declining to 0.9227. After this level is reached, a wave of growth to 0.9288 should start. And with a breakaway of this level upwards, a pathway up to 0.9363 will open. The goal is first.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair escaped a consolidation range upwards and performed a link of growth to 0.6764. Today a decline to 0.6691 is expected. With a breakaway of this level downwards, a pathway for a decline to 0.6622 will open, from where the trend might continue to 0.6500.
Brent
Crude oil completed a wave of growth to 83.00. Today the market is forming a consolidation range under this level. An escape upwards and further growth to 85.55 are expected. After this level is reached, a link of correction to 82.40 is not excluded, followed by growth to 92.50. The goal is local.
XAU/USD, “Gold vs US Dollar”
Gold continues forming a consolidation range under 1820.62. The quotes are likely to escaoe it downwards and reach 1797.22, from where the wave of decline might continue to 1763.30. The goal is local.
S&P 500
The stock index completed a wave of correction to 3894.0. Today a wave of decline to 3757.4 should begin. Then a correction to 3890.0 and a decline to 3760.0 should follow, from where the trend might continue to 3644.4. The goal is first.
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 trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800, as traders lack directional impetus amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold ends Q1 2024 at record highs, what’s next?
Gold is sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday. Most major world markets, including the United States are closed in observance of Holy Friday, leaving volatility around Gold price highly subdued.
Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple price has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days.
US core PCE inflation set to ease in February on month as Federal Reserve rate cut bets for June mount
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. The revised Summary of Projections showed that policymakers upwardly revised end-2024 core PCE forecast to 2.6% from 2.4%.