EURUSD, “Euro vs US Dollar”
The EUR/USD pair has broken another low of the descending wave. Possibly, today the price may test 1.1831 from below. After that, the instrument may form another descending structure with the local target at 1.1723.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating to break 1.3374. We think, today the price may reach 1.3295. Later, in our opinion, the market may resume growing towards 1.3425.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading to rebound from 0.9862 and may continue growing inside the uptrend towards 1.0000. Possibly, today the price may form the ascending structure to reach 0.9958 and then start another correction with the target at 0.9909. After that, the instrument continue moving upwards.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to 112.45. Possibly, today the price may form another descending structure with the target at 111.76.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to break 0.7556 to the downside. We think, today the price may continue falling inside the downtrend to reach 0.7522. After that, the instrument may grow to return to 0.7556 and then resume falling with the target at 0.7470.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to break the top of the first ascending structure. Possibly, the price may reach 59.31. Later, in our opinion, the market may start consolidating to break this level upwards. The local target is at 60.06.
XAUUSD, “Gold vs US Dollar”
Gold is trading to rebound from 1268 to the downside. Possibly, the price may continue falling to break 1261 downwards. The next downside target is at 1249.
BRENT
Brent has broken its consolidation range to the downside. Possibly, today the price may test 62.10 from below. After that, the instrument may fall towards 59.90. In fact, the market is forming the third correctional wave.
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
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.
Google starts indexing Bitcoin addresses
Bitcoin address data is live on Google search results after users realized on Thursday that the tech giant started indexing Bitcoin blockchain data. However, mixed reactions have followed the tech giant's reversed stance on the cryptocurrency.
A Hollywood ending for fourth quarter GDP
The latest revisions put Q4 GDP at 3.4%, the second fastest quarterly growth rate in two years. Much of the upside was attributable to stronger consumer spending, yet fresh profits data affirmed it was a good quarter for the bottom line as well with profits up by the most since the Q2-2022.