EUR/USD, “Euro vs US Dollar”
After finishing the correction at 1.1838 along with another descending wave towards 1.1768, EURUSD is expected to consolidate above the latter level. Possibly, the pair may correct to test 1.1820 from below and then resume trading downwards with the short-term target at 1.1682.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.3040. Possibly, today the pair may fall to reach 1.3003 and then grow towards 1.3080. After that, the instrument may break the range to the downside to resume falling and break 1.2939. Later, the market may continue trading within the downtrend with the short-term target at 1.2777.
USD/RUB, “US Dollar vs Russian Ruble”
After forming the consolidation range above 76.00 and breaking it to the upside, USDRUB is expected to grow towards 77.44 and may later resume moving inside the downtrend to reach 76.70, thus forming a new consolidation range between the two latter levels.
USD/JPY, “US Dollar vs Japanese Yen”
After finishing the descending structure at 104.40 and breaking this level to the downside, USDJPY is expected to continue moving downwards with the short-term target at 103.83. After that, the instrument may correct to return to 104.40 and test it from below.
USD/CHF, “US Dollar vs Swiss Franc”
After completing the ascending structure at 0.9098, USDCHF is consolidating below this level. Today, the pair may break the range to the upside and reach the short-term target at 0.9137. Later, the market may start another correction to test 0.9098 from below and then resume trading within the uptrend to reach 0.9166.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7124 without any particular direction. Possibly, the pair may expand the range up to 0.7150 and then resume falling to break 0.7094. After that, the instrument may continue moving within the downtrend with the target at 0.7050.
BRENT
After completing the ascending structure and testing 41.80 from below, Brent is moving downwards to break 40.50. Later, the market may continue falling towards 39.50 and then start a new correction to return to 41.80.
XAU/USD, “Gold vs US Dollar”
Gold is still consolidating around 1903.00. Possibly, the pair may expand the range up to 1913.50 and then form a new descending structure to break 1897.80, Later, the market may continue trading within the downtrend with the short-term target at 1872.00.
BTC/USD, “Bitcoin vs US Dollar”
After finishing another ascending structure at 13500.00 and forming the consolidation range above this level, BTCUSD has broken the range to the upside. Possibly, the asset may continue moving upwards to reach 14000.00 or even extend this structure up to 14250.00. After that, the instrument may start another correction with the target at 13000.00.
SP 500
After rebounding from 3418.1 to the downside, the S&P index is expected to resume moving within the downtrend to reach 3335.3. Later, the market may correct towards 3400.0 and then start a new decline with the short-term target at 3275.0.
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 clings to recovery gains near 1.0850 ahead of Fedspeak
EUR/USD trades in positive territory near 1.0850 on Friday following a four-day slide. China's stimulus optimism and a broad US Dollar correction help the pair retrace the dovish ECB decision-induced decline. All eyes remain on the Fedspeak.
GBP/USD pares UK data-led gains at around 1.3050
GBP/USD is trading at around 1.3050 in the second half of the day on Friday, supported by upbeat UK Retail Sales data and a pullback seen in the US Dollar. Later in the day, comments from Federal Reserve officials will be scrutinized by market participants.
Gold at new record peaks above $2,700 on increased prospects of global easing
Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Growing prospects of a globally low interest rate environment boost the yellow metal.
Crypto ETF adoption should pick up pace despite slow start, analysts say
Big institutional investors are still wary of allocating funds in Bitcoin spot ETFs, delaying adoption by traditional investors. Demand is expected to increase in the mid-term once institutions open the gates to the crypto asset class.
Canada debates whether to supersize rate cuts
A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.