EUR/USD, “Euro vs US Dollar”
The currency pair is consolidating near 1.0740. Today the price might spring to 1.0767. The goal is local. After this level is reached, correction to 1.0637 might start, followed by growth to 1.0788.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair completed a wave of correction to 1.2110. Today the market has started to form a link of growth to 1.2220, and with a breakaway of this level is might reach 1.2292. The goal is local. Then a correction to 1.2084 (a test from above) and growth to 1.2330 should develop.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair is forming a consolidation range around 131.90. A link of growth to 132.70 is not excluded. After this level is reached, a decline to 129.70 might follow.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair completed a structure of a correctional wave to 0.9250. Today the market might continue declining to 0.9105. After this level is reached, a link of correction to 0.9250 (a test from below) is not excluded, followed by a decline to 0.9094.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair completed a wave of correction to 0.6850. Today the market might perform a link of growth to 0.6990. After this level is reached, a link of correction to 0.6872 is expected, followed by growth to 0.7020.
Crude oil is forming a consolidation range around 80.00. A link of growth to 82.00 is not excluded, followed by a decline to 76.67. After this level is reached, growth to 86.00 might begin.
XAU/USD, “Gold vs US Dollar”
Gold is forming a consolidation range around 1877.77. Today the market might spring to 1890.00. The goal is local. After this level is reached, a correction to 1831.30 might develop, followed by growth to 1898.00.
The stock index is forming a consolidation range around 3877.7. Today a link of growth to 3956.6 is not excluded, followed by a decline to 3800.0. With a breakaway of this level, a pathway down to 3675.0 might open.
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.
Follow us on Telegram
Stay updated of all the news
EUR/USD rises toward 1.0800 as USD weakens
EUR/USD has gained traction and advanced toward 1.0800 in the early American session on Monday. The positive opening witnessed in Wall Street makes it difficult for the US Dollar to find demand and helps the pair continue to push higher.
GBP/USD closes in on 1.2300 as mood improves
GBP/USD has preserved its bullish momentum and advanced to the 1.2300 area in the second half of the day on Monday. The risk positive market atmosphere makes it difficult for the US Dollar to stay resilient against its rivals and fuels the pair's daily rally. Eyes on BOE Governor Bailey's speech.
Gold recovers above $1,950, stays deep in red
Gold price has managed to stage a modest rebound in the American trading hours and rose above $1,950 from the daily low it set at $1,944. The benchmark 10-year US Treasury bond yield is still up more than 3% despite having retreated from session highs, not allowing XAU/USD to gain traction.
Four reasons why SUSHI holders will have a bullish week despite SEC's move
SushiSwap price undid the early March gains in the last week after the SEC subpoenaed the platform’s head chef Jared Grey. As a result of this announcement, the token collapsed by roughly 18%.
Alibaba (BABA) edges higher after Jack Ma returns to China for AI talk
BABA shareholders begin the week with a glimmer of hope after founder Jack Ma was seen visiting China after spending more than one year abroad. The report originally led to Alibaba's shares in Hong Kong rising 4% before subsiding.