EURUSD, “Euro vs US Dollar”
The EUR/USD pair has tested 1.0740 from above and right now is consolidating. Possibly, today the price may reach 1.0777 and then fall towards 1.0758. If later the market breaks this consolidation range to the upside, it may grow to reach 1.0834; if to the downside – fall with the target at 1.0708.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has fallen towards 1.2379; so far, it has formed three descending structure. Possibly, today the price may form another one to reach 1.2357. Later, in our opinion, the market may grow towards 1.2488.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed its ascending structure and right now is consolidating above 0.9953. If later the market breaks this consolidation range to the upside, it may grow to reach 1.0081; if to the downside – start another correction towards 0.9881.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has formed the five-wave ascending structure. Possibly, today the price may start a new correction towards 110.75. After that, the instrument may continue growing to break 111.40. The local target is at 112.25.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trying to move upwards. However, the main scenario implies that the price may fall while forming the fifth wave with the target at 0.7541.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair continues reaching new lows. The current wave may be considered as the fifth one inside the downtrend towards 55.50.
XAUUSD, “Gold vs US Dollar”
Gold is forming the descending impulse towards 1244.55. Possibly, today the price may reach this level and start growing with the target at 1252.60, thus forming another consolidation range. If later the market breaks this consolidation range to the downside, it may fall towards 1233.50; if to the upside – reach 1262.60.
BRENT
Brent has almost reached its local target. Possibly, the price may form the third ascending structure as the extension with the target at 52.80. After that, the instrument may be corrected towards 51.50 and then grow with the target at 53.00. The entire wave may be considered as the first one inside the uptrend. The main target is at 56.10.
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 extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.