EURUSD, "Euro vs US Dollar"
The EUR/USD pair is consolidating. We think, today the price may fall towards 1.0820 and then return to 1.0870. Later, in our opinion, the market may break this range to the downside and fall to reach 1.0737. the local target is at 1.0784.
GBPUSD, "Great Britain Pound vs US Dollar"
The GBP/USD pair is still consolidating without any particular direction. Possibly, today the price may continue falling to reach 1.2772 and then start another growth to return to 1.2820. After breaking the range downwards, the market may reach 1.2600.
USDCHF, "US Dollar vs Swiss Franc"
The USD/CHF pair is consolidating. Possibly, today the price may fall towards 0.9925 and then grow to reach 1.0000. After that, the instrument may be corrected towards 0.9955 and then continue moving upwards with the target at 1.0100.
USDJPY, "US Dollar vs Japanese Yen"
The USD/JPY pair is also consolidating. Possibly, today the price may form another descending structure with the target at 109.41. Later, in our opinion, the market may grow towards 110.00 and then start another decline to reach 108.00.
AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair has broken its ascending channel to the downside. Possibly, today the price may fall towards 0.7500. Later, in our opinion, the market may start consolidating. After breaking this consolidation range to the downside, the instrument may continue falling inside the downtrend with the target at 0.7420.
USDRUB, "US Dollar vs Russian Ruble"
The USD/RUB pair is consolidating at 56.00. According to the main scenario, the price may fall towards 55.44 and complete this descending wave. After that, the instrument may form another consolidation range with a reversal pattern. The market is expected to start a new correction with the target at 61.03.
XAUUSD, "Gold vs US Dollar"
Gold is consolidating as well. Possibly, today the price may grow towards 1283 and then fall to reach 1277. If later the market breaks this range to the upside, the instrument may grow towards 1312; if to the downside – continue the correction with the target at 1255.
BRENT
Brent has failed to continue its growth and right now is moving towards 51.81. Possibly, the price may complete this structure and then break the descending channel to the upside. The first target is at 55.00. Later, in our opinion, the market may be corrected towards 53.40.
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 steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.