Technically, the current correction can perform one more growth link to test the level 1.1075. But the continuation of downtrend to test the level 1.0770 is considered as the main scenario. The completion of the of the first downward trend’s wave is expected here. Later – "Flag" correction toward the level 1.1000.

 EURUSD

Pair Pound to US Dollar tested the gain 1.4156. Today, we consider the development of consolidation range. Later, with the breakage of the range downward, we will consider the continuation of the trend to test the level 1.3730.

 GBPUSD

Pair Dollar to franc has stretched the correction to the lowest border of the growth channel. Today, we consider the development of pullback from that border and growth to the level 1.0055 as the main scenario. As alternative – attempt to stretch the sliding to the level 0.9855. Later – growth to test the level 1.0200.

 USDCHF

Pair Dollar-Yen keeps the development of consolidation in the breakage of the level 113.54. Today we consider the continuation of the growth to the level 114.94. Later – turn back to the 113.54. After that – growth to the 116.00. Here we expect the “Flag” correction is completed.

 USDJPY

AUS Dollar to US Dollar keeps trading with stretching upward to test the level 0.7410. Later – sliding to the level 0.7165.

AUDUSD

The Russian ruble is now trading in the continued third descending wave. The next goal – level 72. Next in the row - consolidation, and if there is a breakage downward, we will consider the possibility of the third sliding wave. The next goal - to overlapping of levels 69.

 USDRUB

Gold actually tested one more growth matrix. Let’s consider it as the final matrix, and after its fifth structure breakage we will consider the development of sliding toward the level 1186.

Gold

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 clings to gains above 1.0750 after US data

EUR/USD clings to gains above 1.0750 after US data

EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.

EUR/USD News

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD declines below 1.2550 following NFP-inspired upsurge

GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.

GBP/USD News

Gold struggles to hold above $2,300 despite falling US yields

Gold struggles to hold above $2,300 despite falling US yields

Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.

Gold News

Bitcoin Weekly Forecast: Should you buy BTC here? Premium

Bitcoin Weekly Forecast: Should you buy BTC here?

Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.

Read more

Week ahead – BoE and RBA decisions headline a calm week

Week ahead – BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

Read more

Majors

Cryptocurrencies

Signatures