EUR/USD, “Euro vs US Dollar”

The EUR/USD pair has received support at the 1.0766 level and completed a growth structure, reaching 1.0805. A narrow consolidation range has formed around this level. Today, with an upward breakout, a rise to 1.0827 is expected, followed by a potential decline to 1.0805 (testing from above). Subsequently, the price could rise to the corrective wave target of 1.0844. Once the correction is complete, a new decline wave might start, aiming for 1.0725 as the first target of another decline wave.

EURUSD

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

The GBP/USD pair has received support at the 1.2509 level and completed a growth structure, reaching 1.2575. A narrow consolidation range has formed around this level. Today, a rise to 1.2599 is expected, followed by a potential decline to 1.2575 (testing from above). Subsequently, the price could rise at least to 1.2630, practically extending a corrective wave. Once the correction is complete, a new decline wave is expected to start, aiming for 1.2444 as the first target.

GBPUSD

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed a growth wave, reaching 156.77. Today, the market has formed a correction towards 156.22. A consolidation range is expected to develop above this level, possibly extending to 157.09, with another potential growth structure targeting 157.33. At this point, the growth wave will exhaust its potential. Next, a new decline wave could start, aiming for 154.50 as the first target.

USDJPY

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is currently in a consolidation phase around 0.9066. The consolidation range has extended upwards to 0.9101 and today could expand downwards to 0.9039. An upward breakout will open the potential for a growth wave towards 0.9220. With a downward breakout, a decline to 0.9009 is not ruled out, followed by a rise to 0.9222.

USDCHF

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has received support at the 0.6577 level and risen to 0.6620. The market has formed a consolidation range around this level. Today, a rise to 0.6650 is expected, followed by a potential decline to 0.6622 (testing from above). Subsequently, the price could rise to 0.6666. At this point, the corrective wave will exhaust its potential. A new decline wave could start, aiming for 0.6444 as the first target.

AUDUSD

Brent

Brent is currently in a consolidation phase around 82.75. The consolidation range has extended downwards to 81.85 and today could expand upwards to 83.80. With an upward breakout of the range, a new growth wave could start, aiming for 85.55 as the local target.

brent

XAU/USD, “Gold vs US Dollar”

Gold has received support at the 2336.46 level and risen to 2361.00. Today, a decline to 2347.07 (testing from above) could follow. Next, another corrective link might develop, targeting 2362.44. Once the correction is complete, a new decline wave might start, aiming for 2273.11 as the local target.

XAUUSD

S&P 500

The stock index has received support at 5196.0. The market has completed a growth link, reaching 5250.5. Today, a consolidation range is forming around this level, potentially extending to 5262.2. Next, a new decline wave could start, aiming for 5200.0 as the first target of the decline wave.

SP

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.

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GBP/USD extends its decline on Friday and trades at its lowest level in nearly a month below 1.2700. In the absence of high-tier data releases, the US Dollar continues to benefit from souring market mood, forcing the pair to stretch lower in the second half of the day.

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Gold clings to recovery gains at around $2,330

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Following Thursday's pullback, Gold holds its ground on Friday and trades in positive territory near $2,330. The benchmark 10-year US Treasury bond yield edges lower toward 4.2%, helping XAU/USD push higher ahead of the weekend.

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Monero price poised for a downward correction

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Monero price has encountered resistance at a critical level. The technical outlook suggests a potential short-term correction as momentum indicators signal a bearish divergence.

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Week ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

Week ahead – RBA, SNB and BoE next to decide, CPI and PMI data also on tap

It will be another central-bank-heavy week with the RBA, SNB and BoE. Retail sales will be the highlight in the United States. Plenty of other data also on the way, including flash PMIs and UK CPI.

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