EURUSD
The EUR/USD is trading within a consolidation range near 1.1762. Today, it may go up to 1.1793, within the diamond pattern. Then, the pair is likely to leave this range and go down to reach the target at 1.1725. and then, once a breakout occurs, to go further to 1.1660, i.e. a local target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD
The GBP/USD has exited the 5-wave correction pattern and may now start falling to 1.3030, which is going to be the first target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF
The USD/CHF is correcting; today, the pair may reach 0.9631 and test it from above. Then, a rise to 0.9682 is possible, i.e. a local target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY
The USD/JPY has completed its rising pattern and may now start correcting, with the first target at 112.32.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD
The AUDUSD got inside the first downward impulse, and then corrected. Today, the third downward wave may take the pair to 0.7200.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB
The USD/RUB has entered the consolidation range and is trading near its lows. Today, it may start going up. After breaking out at 65.95 the first correction phase may start, with the target at 66.60.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GOLD
Gold may probably rise to 1206.70, but then is likely to fall till 1190.20.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent crude reached the strategic uptrend target and may now start consolidating near its highs. In case a breakout occurs, the price may start correcting to 80.25.
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 edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.