EURUSD, “Euro vs US Dollar”
EURUSD has completed the first descending impulse at 1.1287 along with the correction. Possibly, today the pair may form a new descending structure with the short-term predicted target at 1.1262.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken the ascending channel. Today, the pair may start a new decline towards 1.2882 ad then form one more ascending structure to reach 1.2905. After that, the instrument may resume trading inside the downtrend with the first target at 1.2828.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming another ascending structure. Possibly, today the pair may reach 1.0065 and then resume falling towards 1.0045, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may resume trading upwards to reach 1.0104; if to the downside – start a new correction towards 1.0017 and then form one more ascending structure with the target at 1.0104.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the upside target at 110.63. Possibly, the pair may fall to break 110.25 and then and continue trading inside the downtrend to with the target at 109.82.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has also reach the upside target at 0.7160. Today, the pair may resume trading inside the downtrend towards 0.7030.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached 66.22; right now, it is consolidating around this level. If later the instrument breaks this range to the downside, the price may continue trading inside the downtrend towards 60.90; if to the upside – start a new correction with the target at 66.64.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1324.24. Possibly, the pair may break the range to the upside and reach 1332.22. However, if the instrument breaks this range to the downside, the price may start a new correction with the target at 1316.00.
BRENT
Brent is consolidating below 66.66. Possibly, the pair may trade downwards to reach 64.74. However, if the price breaks 66.66 to the upside, the instrument may form one more ascending structure with the target at 68.45.
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 holds steady near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold: Middle East war fears spark fresh XAU/USD rally, will it sustain?
Gold price is trading close to $2,400 early Friday, reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row.
Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’
Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.