EURUSD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating below the 4/8 level. In the nearest future, the price may reach a new local high, but later bears may try to test the daily Super Trend.
At the H1 chart, the pair rebounded from the 7/8 level, but may test it one more time. If this level provide resistance again, the market may resume falling towards the 2/8 one.
USDCHF, “US Dollar vs Swiss Franc”
Earlier, the USD/CHF pair rebounded from the channel’s downside border and the 4/8 level, which means that it may resume moving upwards. Consequently, in the nearest future the market may test the 6/8 level and the daily Super Trend.
As we can see at the H1 chart, the 0/8 level provide resistance and the pair started a short-term growth. On Friday, the price may test the 1/8 level once again. In case it rebounds from this level, the market may resume growing. The closest target is at the 4/8 level.
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 stabilizes near 1.0800 as trading action turns subdued
EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.
GBP/USD extends sideways grind 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 help 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 near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further 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.