EURUSD, “Euro vs US Dollar”
EURUSD has finished the ascending correctional structure. Possibly, today the price may consolidate at the top of this structure. After that, the instrument may break the range to the downside and continue falling inside the downtrend towards the first target at 1.2338.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another correctional structure. Possibly, today the price may consolidate at the top of this structure. Later, the market may break this range to the downside and continue falling inside the downtrend with the first target at 1.3875.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is being corrected to the downside. Today, the price may consolidate near the current lows. After that, the instrument may break this range upwards and then continue forming the third wave with the target at 0.9620.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling. Possibly, today the price may reach 106.24 and then resume growing to continue the correction towards 107.45. Later, the market may fall inside the downtrend to reach 106.24.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating. According to the main scenario, the price may fall towards 0.7840, break it, and then continue falling inside the downtrend with the target at 0.7777.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 56.62. Possibly, today the price may fall to reach the downside border at 56.10 and then grow towards 56.60. Later, the market may resume falling with the short-term target at 55.50.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold has complete the Flag correctional pattern. Today, the price may fall towards 1317.00 and then start another growth to reach 1323.00. After that, the instrument may resume falling to break 1310.00 and then continue its decline towards 1285.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is still consolidating; it has formed the Triangle pattern. Possibly, today the price may fall to reach 63.88. Later, the market may grow to reach the upside border of the range at 65.88, break it, and then continue forming the third ascending wave with the target at 67.88.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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 stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
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 above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.