EUR/USD
On H4, the EUR/USD is trading within a consolidation range between 3/8 and 5/8, while we can expect the price to rise to the resistance at 5/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
Once 3/8 gets broken out on H1, the price may rise further to reach the resistance at 5/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBP/USD
On H4, we can expect GBP/USD to test 0/8, which may then lead to a bounce and a rise to 3/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
H1 charts show the same Murrey levels as H4, which confirms the possible test at 0/8 and the rise to 3/8.
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 below 1.0800 after upbeat US data
EUR/USD stays under bearish pressure and trades slightly below 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 clings to strong daily gains above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Friday. 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.