AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair is trading at 0.7817; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7820 and continue moving downwards to reach 0.7685. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7850. In this case, the pair may continue growing towards 0.8010.
NZDUSD, "New Zealand Dollar vs US Dollar"
The NZD/USD pair is trading at 0.7107; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7120 and then continue moving downwards to reach 0.6995. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7155. In this case, the pair may continue growing towards 0.7255.
USDCAD, "US Dollar vs Canadian Dollar"
The USD/CAD pair is trading at 1.2439; the instrument has broken the downside border of Ichimoku Cloud, which means that the tendency reversed downwards. We should expect the price to test the broken border of the cloud at 1.2460 and then continue moving downwards to reach 1.2345. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2550. In this case, the pair may continue growing towards 1.2640.
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 weak near 1.0650 ahead of Eurozone PMI data
EUR/USD remains on the back foot near 1.0650 in European trading on Tuesday. Resurgent US Dollar demand amid a cautious risk tone weighs on the pair. Investors stay wary ahead of the preliminary Eurozone and US business PMI data.
GBP/USD eases below 1.2350, UK PMIs eyed
GBP/USD is dropping below 1.2350 in the European session, as the US Dollar sees fresh buying interest on tepid risk sentiment. The further downside in the pair could remain capped, as traders await the UK PMI reports for fresh trading impetus.
Gold could see a rebound before resuming the correction
Gold price sees a fresh leg down in Asia on Tuesday even as risk flows dissipate. Receding fears over Middle East escalation offset subdued US Dollar and Treasury bond yields. Gold remains heavily oversold on the 4H chart, rebound appears in the offing.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
Focus on April PMIs today
In the euro area, focus today will be on the euro area PMIs for April. The previous months' PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction.