EUR/USD, “Euro vs US Dollar”
EUR/USD has completed a wave of growth to 1.0697. At the moment, the market is consolidating under this level. The consolidation range might extend to 1.0700. Next, a decline to 1.0655 could happen. And a breakout of this level could open the potential for a wave to 1.0608. After the price reaches this level, an impulse of growth to 1.0760 is expected. This is the first target of correction.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed a wave of decline to 1.2370 and a correction to 1.2409. Today the market is forming a consolidation range under this level. A link of decline to 1.2364 is expected. The range could extend to 1.2340. After the price reaches it, an impulse of growth to 1.2444 might develop. This is the first target of correction.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed a wave of growth to 147.94 and a correction to 147.50. A link of growth to 148.02 could develop today. After the price reaches this level, an impulse of decline to 146.96 could follow. This is the first target of correction.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed a wave of growth to 0.8981. Today a consolidation range is forming under this level. A link of decline to 0.8947 is expected. Next, a link of growth to 0.8982 could form. After this level is reached, an impulse of decline is expected. This is the first target of correction.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed a wave of decline to 0.6417 and a correction to 0.6446. Today the market continues developing a wave of decline to 0.6417. A downward breakout of this level could open the potential for a declining wave to 0.6388. Upon reaching this level, a link of correction to 0.6410 (with a test from below) could follow. Next, a decline to 0.6362 might happen.
Brent
Brent has completed a wave of correction to 92.15. Today a wave of growth to 96.30 could develop. Upon reaching this level, the price might form a link of decline to 94.15 (with a test from above), followed by a rise to 97.11. This is a local target. Next, a link of correction to 89.40 is not excluded.
XAU/USD, “Gold vs US Dollar”
Gold has completed a new link of correction to 1934.34. A wave of decline to 1910.40 is expected today, from where the trend might continue to 1900.00.
S&P 500
The stock index has completed an impulse of decline to 4444.0 and a correction to 4468.4. Today the market is forming a consolidation range under this level. An escape downwards to 4420.5 is expected. After the price reaches this level, a link of correction to 4468.4 might form (with a test from below), followed by a decline to 4389.0. This is a local target.
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 loses traction, retreats below 1.0600
EUR/USD lost its recovery momentum and declined below 1.0600 in the American session on Friday, erasing a portion of its daily gains in the process. Nevertheless, the risk-positive market atmosphere after PCE inflation data helps the pair limit its losses.
GBP/USD turns negative on the day below 1.2200
GBP/USD reversed its direction and slumped below 1.2200 in the American session on Friday after rising above 1.2270 earlier in the day. Position readjustments and profit-taking on the last trading day of the quarter seems to be weighing on Pound Sterling.
Gold reverses direction, drops below $1,860
Following a steady rebound toward $1,880 on Friday, Gold price made a sharp U-turn and turned negative on the day near $1,860. Although the 10-year US T-bond yield is down more than 1%, XAU/USD struggles to find demand on the last day of Q3.
Polkadot Price Forecast: DOT reversal seems inevitable after 92% correction from all-time high
Polkadot price, in nearly two years, has shed 92.91% from its all-time high of $55.09. The massive downswing in DOT has pushed it down to levels that were last seen in October 2020. Hence, the chances of this altcoin forming a bottom and rallying are high.
Earnings beat triggers Nike to spike 9%
Nike (NKE) stock has surged over 9% in Friday’s premarket, climbing above $98 per share, following late Thursday’s fiscal first-quarter earnings release. Nike beat pessimistic earnings expectations by more than 23% and hiked its dividend by 9%.