EUR/USD, “Euro vs US Dollar”
After completing the descending wave at 1.1850, EURUSD is consolidating above this level. Possibly, the pair may start a new growth to test 1.1940 from below and then resume trading downwards with the short-term target at 1.1750.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD continues falling to reach 1.3757. Later, the market may start a new correction towards 1.3940 and then resume falling with the target at 1.3700.
USD/RUB, “US Dollar vs Russian Ruble”
USDRUB is still correcting with the short-term target at 73.10 and may later form a new descending structure towards 72.30. After that, the instrument may start another growth to reach 73.20 and then resume falling with the target at 71.00.
USD/JPY, “US Dollar vs Japanese Yen”
After finishing the descending wave at 109.80, USDJPY is expected to grow to break 110.40. Later, the market may continue trading upwards with the target at 111.22.
USD/CHF, “US Dollar vs Swiss Franc”
After breaking 0.9127, USDCHF is still moving upwards to reach 0.9292. After that, the instrument may start a new correction to return to 0.9127 and then form one more ascending structure with the target at 0.9400.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD has reached its short-term downside target at 0.7484. Possibly, today the pair may consolidate around this level. If later the price breaks this range to the upside, the market may resume trading upwards to reach 0.7600 and then form a new descending structure with the target at 0.7444.
Brent
Brent is still consolidating around 73.50. Today, the asset may form one more ascending structure with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.
XAU/USD, “Gold vs US Dollar”
Gold has completed the descending wave at 1761.88; right now, it is consolidating above this level. Possibly, the metal may break the range to the upside and correct towards 1833.00. Later, the market may resume trading downwards with the target at 1750.70.
S&P 500
After finishing the descending wave at 4166.1, the S&P index still consolidating around this level. If later the price breaks this range to the downside, the market may resume falling towards 4035.0; if to the upside – form one more ascending structure to break 4222.2 and then continue growing with the target at 4303.3.
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
USD/JPY flat-lines below 151.50 after soft Japanese CPI data
USD/JPY stays defensive below 151.50 after the release of a soft Japan's CPI report and mixed Industrial Production and Retail Sales data on Friday. Japanese verbal intervention also weighs on the pair amid the holiday-thinned conditions on Good Friday. US PCE inflation awaited.
AUD/USD buyers lack vigor above 0.6500 amid Good Friday trading lull
AUD/USD is trading listlessly above 0.6500 in the Asian session amid light trading on Good Friday. The Aussie pair shrugs off encouraging comments from China's FX regulator, as price action remains subdued ahead of the US PCE inflation data.
Gold flirts with record highs above $2,230, all eyes on US PCE data
Gold price flirts with record highs around $2,230 during the Asian session on Friday. The uptick of yellow metal is bolstered by the safe-haven flows amidst growing economic concerns and the prospect of interest rate cuts from the US Federal Reserve.
Optimism price could fall as nearly $90 million worth of OP tokens is due flood markets
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Will they won’t they cut rates is the question of Q2?
There has been some significant push back from Fed and Bank of England members around the timing of rate cuts, and the Bank of Japan still haven’t physically intervened in the FX market to stem yen weakness although they are threatening to do so.