EURUSD, “Euro vs US Dollar”
The EUR/USD pair is moving upwards. The local target is at 1.0750. After that, the instrument may fall towards 1.0600 to test it from above. In fact, the market is starting a new correction.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has moved upwards and completed the fourth wave of the correction. Later, in our opinion, the market may fall to reach the target at 1.2200.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken its consolidation range to the downwards and reached the local downside target. Possibly, today the price may fall to reach 0.9975 and then grow with the target at 1.0077. After that, the instrument may form the fifth wave towards 0.9830.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has is moving upwards. Possibly, today the price may form the fourth wave to return to 115.45. Later, in our opinion, the market may move downwards with the target at 112.00.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the ascending wave Possibly, today the price may fall to reach 0.7360. The first target is at 0.7450.
USDRUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving downwards; it has already broken its consolidation range to the downside. Possibly, today the price may reach 58.15. However, the market is moving without any correction, that’s why it may grow with the target at 59.88.
XAUUSD, “Gold vs US Dollar”
Gold has reached the target of the ascending structure. Possibly, the price may break the previous channel and start the fifth wave towards 1100. The first target is at 1170.
BRENT
Brent has broken the consolidation range to the upside and may continue growing inside the fifth wave to reach 59.90. However, an alternative scenario suggests that the market may form another descending wave with the target at 53.00.
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 drops below 1.0800 after German Retail Sales data
EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus.
GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
Gold price holds strength ahead of US core PCE inflation
Gold price holds onto gains near $2,200 in Thursday’s European session. The precious metal exhibits firm footing ahead of the United States core PCE Price Index data for February, which will be published on Friday.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.