EUR/USD, “Euro vs US Dollar”
After forming a new consolidation range and breaking 1.1577 to the upside, EURUSD is still correcting towards 1.1612. Later, the market may fall to break 1.1533 and then continue trading downwards with the short-term target at 1.1490.
GBP/USD, “Great Britain Pound vs US Dollar”
After forming a new consolidation rang around 1.3666 and breaking it to the downside, GBPUSD is expected to continue falling within the downtrend towards 1.3608. Later, the market may correct to test 1.3666 from below and then resume falling with the target at 1.3490.
USD/RUB, “US Dollar vs Russian Ruble”
After expanding the consolidation range up to 71.25, USDRUB is expected to resume falling towards 70.60 and may later form one more ascending structure with the target at 72.00 to complete the correction. Later, the market may start another decline to reach 69.20.
USD/JPY, “US Dollar vs Japanese Yen”
After returning to 113.86, USDJPY is expected to consolidate around this level. If later the price breaks this range to the downside, the market may resume falling towards 113.28 and then start a new growth with the target at 113.86.
USD/CHF, “US Dollar vs Swiss Franc”
After breaking 0.9128 and then reaching the short-term downside target at 0.9090, USDCHF is forming a new consolidation range above the latter level. If later the price breaks this range to the upside, the market may grow to reach 0.9128; if to the downside – resume falling to complete the descending wave at 0.9080 and then start another growth with the target at 0.9150.
AUD/USD, “Australian Dollar vs US Dollar”
AUDUSD continues forming the descending wave towards 0.7466. After that, the instrument may correct to reach 0.7511 and resume trading downwards with the target at 0.7400.
Brent
After breaking 85.05 to the upside, Brent is expected to continue growing and reach 86.50. After that, the instrument may correct to return to 85.05 and then resume trading upwards with the target at 88.00.
XAU/USD, “Gold vs US Dollar”
Gold has broken 1784.60; right now, it is still growing towards 1798.00. After that, the instrument may correct to return to 1785.00 and then resume trading upwards with the target at 1825.80.
S&P 500
After completing the ascending structure at 4627.8 along with the correction towards 4596.0, the S&P index is consolidating above the latter level. Later, the market may break the range to the upside and start another growth towards with the target at 4639.0.
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 extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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.