EURUSD, “Euro vs US Dollar”
The EUR/USD pair is forming the first descending wave. We think, today the price may form the fifth structure of this wave with the target at 1.1900. Later, in our opinion, the market may grow to reach 1.2000.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming another descending wave. Possibly, today the price may reach 1.3421 and then grow towards 1.3494. After that, the instrument may fall with the target at 1.3380.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has completed the ascending wave along with the correction. We think, today the price may form another ascending structure towards the local target at 0.9888.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has broken the consolidation range downwards. Possibly, today the price may trade upwards to reach 112.05 and then resume moving to the downside with the local target at 110.93.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating at the top of the ascending structure. We think, today the price may fall to break 0.7815. The target of the correction is at 0.7666.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating near the lows of the descending wave. If later the instrument breaks this range to the downside, the market may reach 56.55; if to the upside – start another correction towards 57.35.
XAUUSD, “Gold vs US Dollar”
Gold has expanded the range upwards, but is still consolidating. Possibly, today the price may expand the range downwards and reach 1305. Later, in our opinion, the market may grow towards 1316 and then reverse to break the downside border in order to continue falling with the target at 1294.
BRENT
Brent continues trading above 68.85. Possibly, the price may continue growing to reach 69.95 and then start another correction towards 68.80. After that, the instrument may continue growing inside the uptrend with the target at 71.00.
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 climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold rebounds to $2,320 as US yields turn south
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.