EUR/USD, “Euro vs US Dollar”

The EUR/USD pair has completed a decline wave towards 1.0606. Today the market is forming a consolidation range above this level. With a downward escape from the range, the potential for a wave targeting 1.0585 might open. This is a local target. With an upward escape, a correction link towards 1.0733 is not excluded, followed by a decline to 1.0585.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed a decline wave towards 1.2405. Today the market is forming a consolidation range above this level. With a downward escape from the range, the potential for a wave towards 1.2380 might open. This is a local target. With an upward escape, a correction link towards 1.2544 is not excluded, followed by a decline to 1.2380.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed a growth wave at 154.77. Today the market is forming a consolidation range under this level. With a downward escape, a correction link towards 154.20 is not excluded. With an upward escape, the potential for a wave towards 155.22 could open, from which level the trend could extend to 155.72.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues forming a consolidation range around 0.9127 without any obvious trend. A decline link to 0.9185 is not excluded today, followed by a rise targeting 0.9168. This is a local target. Next, a correction to 0.9140 is not excluded (testing from above). Once it is over, a new wave aiming at 0.9180 might begin.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave at 0.6388. Today the market is forming a consolidation range above this level. With an upward escape from the range, a correction link towards 0.6464 is not excluded. With a downward escape, the wave might extend to 0.6330, from which level the trend could continue to 0.6300. This is a local target.

AUDUSD

Brent

Brent continues developing a consolidation range around 89.55. A decline link towards 88.80 is not excluded today. Next, a growth link to 90.20 is not excluded. And if this level also breaks, the potential for a wave towards 92.00 might open, from which level the trend could extend to 94.00. This is a local target.

Brent

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range above 2362.75. With a downward escape from the range, a corrective decline wave towards 2306.66 is expected. Next, a growth link to 2355.00 might form, followed by a decline towards 2266.00.

XAUUSD

S&P 500

The stock index has formed a decline wave towards 5040.8. Today the market is forming a consolidation range above this level. With an upward escape from the range, a correction link to 5107.0 is not excluded, followed by a decline to 5000.5. With a downward escape, the decline link might extend to 5000.5, from which level the trend could continue to 4927.7.

Chart

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


Recommended Content

Editors’ Picks

EUR/USD moves below 1.0850 despite a bullish bias

EUR/USD moves below 1.0850 despite a bullish bias

EUR/USD extended losses to near 1.0850 during the Asian session on Wednesday. The pair faces challenges as the US Dollar gains ground amidst emerging risk aversion sentiment, possibly triggered by hawkish remarks from Minneapolis Fed President Neel Kashkari.

EUR/USD News

GBP/USD trims gains above 1.2750 amid US Dollar rebounds

GBP/USD trims gains above 1.2750 amid US Dollar rebounds

GBP/USD trades with mild losses around 1.2760 during the Asian session on Wednesday. The modest recovery of the US Dollar and US yields amid the diminishing expectations of a rate cut by the US Federal Reserve in September weighs on the major pair.

GBP/USD News

Gold buyers take a breather but technicals stay bullish

Gold buyers take a breather but technicals stay bullish

Gold price is posting small losses below $2,360, pausing a three-day recovery early Wednesday. The US Dollar resurgence acts as a headwind for the Gold price, despite heigthening Middle East tensions and a pick up in Indian physical Gold demand.

Gold News

Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves

Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves

Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves. Glassnode also shared key on-chain insights that breathe clarity into the market's current state.

Read more

Inflation week: Eyes on Germany’s numbers, Eurozone and the US PCE

Inflation week: Eyes on Germany’s numbers, Eurozone and the US PCE

Today we get Germany’s numbers and on Friday, both the Eurozone and the US PCE. For the Eurozone, expectations are for core to remain the same at 2.7% and for the ECB to cut in June. This is being named a “hawkish cut,” one of those inherently self-contradictory terms.

Read more

Majors

Cryptocurrencies

Signatures