EUR/USD, “Euro vs US Dollar”
The currency pair escaped the consolidation range upwards and reached a local target of 1.0693. A link of decline to 1.0633 is not excluded today. Then a structure of growth to 1.0700 might develop. After this level is reached, the wave of growth will be exhausted. Then a wave of decline to 1.0570 should start.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair continues developing a link of growth. Today it might reach 1.2044. After that, a wave of decline to 1.1920 should start. With a breakaway of this level, a pathway to 1.1733 should open.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair continues developing a consolidation range around 135.90. With an escape upwards, a pathway to 136.90 will open, from here the wave should continue to 137.55. After this level is reached, a wave of decline to 135.90 should start.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair continues developing a correction to 0.9234. After it is over, the wave of growth should continue to 0.9440.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has completed a structure of a wave to 0.6694 and a link of growth to 0.6717. Practically, a consolidation range is forming above 0.6694. An escape from the range downwards to 0.6645 is expected, from where the range might continue to 0.6605. The target is local.
Brent
Brent has completed a wave of growth to 86.15. Today the market is forming a consolidation range around this level. With an escape downwards, a link of correction to 84.90 is not excluded. With an escape upwards, a pathway upwards to 87.87 should open, from where the wave might develop to 89.77. The target is local.
XAU/USD, “Gold vs US Dollar”
Gold is developing a consolidation range around 1849.40. With an escape downwards, a pathway for a wave of correction to 1840.20 should open. Then a link of growth to 1863.20 should form. And then a wave of decline to 1830.00 should begin.
S&P 500
The stock index is forming a link of correction to 4095.5. After this level is reached, a decline to 3940.0 should start, from where the wave should continue to 3788.0.
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
AUD/USD remains under pressure above 0.6400
AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.
EUR/USD faces decent contention around 1.0600
The knee-jerk in the Greenback reignited some buying interest in the risk complex and pushed EUR/USD to three-day highs near 1.0680, rapidly leaving behind the recent yearly low around 1.0600.
Gold eases despite risk-off mood
Gold trades in a relatively tight range near $2,390 in the second half of the day on Wednesday. In the absence of high-tier data releases, investors keep a close eye on headlines surrounding the Iran-Israel conflict.
Ethereum trades around the $3,000 support following a surge in validator queue
Ethereum (ETH) continued a sideways movement on Wednesday as investors seemed to be waiting for an upward or downward price catalyst. Despite the price stagnancy, the ETH validator queue - possibly fueled by the DeFi restaking boom - rose sharply.
Markets stabilize after Powell rules out rate hike, but the signs don’t look good
Markets are volatile right now; however, a relative calm has descended on the market and US. US stocks are down a touch, but the Vix is lower, US Treasury yields are lower, and the dollar is mostly lower vs. its G10 FX counterparts.