EUR/USD, “Euro vs US Dollar”
EURUSD has rebounded from 1.1106 to the downside. Possibly, the pair may break 1.1090 and then continue trading downwards to reach 1.1060. After that, the instrument may be corrected to return to 1.1090 and then resume trading inside the downtrend with the target at 1.1019.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2128. Possibly, today the pair may break the low of this range at 1.2117. The target is at 1.2080.
USD/CHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending correction at 0.9824; right now, it is consolidating at the top of this structure. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 0.9850; it to the downside – start a new correction to reach 0.9800.
USD/JPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating above 106.40. According to the main scenario, the pair is expected to continue trading inside the uptrend with the first target at 106.80. An alternative scenario implies that the price may break 106.35 and then continue the correction towards 106.20. Later, the market may form one more ascending structure to reach the above-mentioned target.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has rebounded from 0.6795 for the fourth time. Possibly, the price may form another decline towards the downside border at 0.6747 and then continue trading inside the uptrend with the target at 0.6800.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the pair may reach 65.50 and then grow towards 65.90. After that, the instrument may start a new decline with the first target at 65.40.
USD/CAD, “US Dollar vs Canadian Dollar”
After breaking 1.3313 to the downside and reaching the target at 1.3255, USDCAD has returned to 1.3313. Possibly, today the pair may fall to reach 1.3283. After that, the instrument may return to 1.3313, break it to the upside, and then continue trading inside the uptrend with the target at 1.3333.
XAU/USD, “Gold vs US Dollar”
After making several attempts to grow, Gold has rebounded 1505.65. Possibly, today the pair may fall to reach 1483.40 and then start another growth to return to 1505.65. Later, the market may form a new descending structure with the target at 1476.57.
BRENT
Brent has reached the upside target at 61.40; right now. Is forming a new correction towards 59.65. After that, the instrument may resume trading inside the uptrend with the target at 62.44.
BTC/USD, “Bitcoin vs US Dollar”
After reaching the downside target at 10140.00 and forming a downside continuation pattern, BTCUSD has broken 10000.00; right now, it is still moving downwards. Possibly, today the pair may start a new correction to return to 10140.00. Later, the market may form a new descending structure to reach 9500.00. The key target is at 9400.00.
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 clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.