EUR/USD, “Euro vs US Dollar”
The currency pair has corrected to 1.0846. Today the market goes on developing a structure of growth to 1.0948. After this level is reached, the pair may correct to 1.0840. Then the quotes might grow to 1.0965 and extend the wave to 1.0980.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair corrected to 1.2323. Today the market continues developing the wave of growth to 1.2474. After this level is reached, a wave of decline to 1.2313 should start.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair has completed a wave of growth to 130.88. Today the market is forming a structure of decline to 129.16. After this level is reached, a wave of growth to 131.17 might start, followed by a decline to 128.00.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has completed a link of decline to 0.9156. Practically, the market has formed a consolidation range around 0.9155. With an escape downwards, a new structure of decline to 0.9038 might form. With an escape upwards, a pathway up to 0.9273 should open.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has corrected to 0.6969. Today a structure of growth is forming to 0.7069. After this level is reached, a wave of decline to 0.6969 should start, from where the trend might continue to 0.6870.
Brent
Brent has completed a wave of growth to 88.98. Today a link of correction to 87.15 is not excluded. Then growth to 90.30 should follow, from where the trend might continue to 93.06.
XAU/USD, “Gold vs US Dollar”
Gold has corrected to 1911.50. Today the market continues developing the wave of growth to 1948.33. After this level will be reached, a correction to 1922.22 will not be excluded, followed by growth to 1967.87.
S&P 500
The stock index completed a link of growth to 4040.0. Today a consolidation range might form around this level. With an escape downwards, a new wave of decline to 3855.5 should start. The goal is first.
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 breaks below 1.1000 on stellar NFP
The buying bias in the Greenback gathers extra pace on Friday after the US economy created far more jobs than initially estimated in September, dragging EUR/USD to the area of new lows near 1.0950.
GBP/USD breaches 1.3100 after encouraging US Payrolls
The continuation of the uptrend in the US Dollar motivates GBP/USD to accelerates its losses and breaches 1.3100 the figure in the wake of the release of US NFP.
Gold rebounds from daily lows and flirts with $2,670
Following a post-NFP dip to the $2,640 region, Gold prices now embarks on an acceptable rebound and retest the area of $2,670 per ounce troy despite the marked advance in the US Dollar and rising US yields across the board.
US Payrolls surge in September, as 50bp rate cut ruled out
US payrolls data surprised on the upside in September, rising by 254k, smashing expectations of a 150k rise. The unemployment rate fell to 4.1% from 4.2%, average hourly earnings increased to a 4% YoY rate and there was a 72k upwards revision to the previous two months’ payrolls numbers.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.