EUR/USD, “Euro vs US Dollar”
Having completed the descending wave at 0.9900, EURUSD is consolidating above this level. Possibly, the pair may grow to reach 1.0055 and then resume falling with the target at 0.9800.
GBP/USD, “Great Britain Pound vs US Dollar”
After finishing the descending wave at 1.1717 and forming a new consolidation range above this level, GBPUSD is expected to correct up to 1.1919 and then resume trading downwards with the target at 1.1700.
USD/JPY, “US Dollar vs Japanese Yen”
Having completed the descending wave at 135.80 along with the correction up to 137.00, USDJPY is forming a new descending structure with the first target at 135.70.
USD/CHF, “US Dollar vs Swiss Franc”
After finishing the descending structure at 0.9603, USDCHF is correcting up to 0.9658. Later, the market may resume trading downwards with the short-term target at 0.9555.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed the descending wave at 0.6855. Today, the pair may correct up to 0.6966 and then start another decline with the target at 0.6800.
Brent
Brent continues forming the ascending wave with the short-term target at 101.50. After that, the instrument may start a new correction towards 97.40 and then resume growing to reach 102.10.
XAU/USD, “Gold vs US Dollar”
After finishing the ascending wave at 1753.70, Gold is correcting down to 1742.24. Later, the market may form one more ascending structure with the target at 1757.30.
S&P 500
The S&P index has completed the descending wave at 4114.0. Possibly, today the asset may start a new pullback towards 4160.0, or even extend this correctional structure up to 4208.0. After that, the instrument may resume trading downwards with the target at 4090.0.
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
AUD/USD advances beyond 0.6400 after stellar Aussie jobs data
AUD/USD gained strong positive traction on Thursday following the release of upbeat Australian jobs data, which pointed to a still resilient labour market and forced investors to scale back their bets for a rate cut by the RBA in February.
USD/JPY retreats from two-week top; BoJ uncertainty could limit losses
USD/JPY drifts lower on Thursday and snaps a three-day winning streak to a two-week high touched the previous day. The downside, however, seems limited amid diminishing odds for another BoJ rate hike next week, which, along with the risk-on mood, could undermine the safe-haven JPY.
Gold price retains its bullish bias near two-week high on Fed rate cut optimism
Gold price stands firm near the $2,720-2,722 area, or over a two-week high on Thursday amid the likelihood of a Fed rate cut next week. Furthermore, geopolitical risks and trade war fears remain supportive of the bullish sentiment surrounding the safe-haven XAU/USD.
Ripple's XRP eyes massive rally after posting bullish flag, high profit-taking poses threat
Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel. Following the recent price rise, investors booked profits worth nearly $800 million while options traders bet on the remittance-based token hitting the $5 mark.
BTC faces setback from Microsoft’s rejection
Bitcoin price hovers around $98,400 on Wednesday after declining 4.47% since Monday. Microsoft shareholders rejected the proposal to add Bitcoin to the company’s balance sheet on Tuesday.
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.