EUR/USD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0810. Today the market is forming a wave of correction to 1.0849. After the correction is over, the pair might develop a wave of decline to 1.0795, from where the trend could continue to 1.0755.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has completed a wave of decline to 1.2420. Today the market is forming a wave of correction to 1.2500. After the quotes reach this level, the wave of decline could continue to 1.2400. Next, a rise to 1.2500 could follow.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair has completed a wave of growth to 137.44. Today the market is forming a consolidation range around this level. With an escape from the range upwards, the potential for a rise to 138.38 could open. And if the price breaks the range downwards, a link of correction to 136.66 could follow. Next, an increase to 138.66 is expected.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has completed a correction to 0.8970. Today the growth could continue to 0.9054. This is a local target. After the price reaches this level, a correction to 0.8989 could follow. Next, a rise to 0.9105 is expected.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair continues forming a consolidation range around 0.6655. With an escape from the range downwards, the wave of decline could continue to 0.6600. Next, a link of growth to 0.6696 is expected.
Brent
Brent has broken the level of 76.00 upwards. Practically, the potential for a rise to 78.10 is open. After the price reaches this level, a link of correction to 76.00 (a test from above) is expected. Next, an increase to 78.85 could follow, from where the trend might continue to 85.00.
XAU/USD, “Gold vs US Dollar”
Gold has completed a wave of decline to 1975.40. Today the market is forming a consolidation range above this level. Extension of the range to 1964.00 is not excluded. Next, corrective growth to 2011.00 could follow. After the price reaches this level, a new wave of decline to 1850.00 might be expected.
S&P 500
The stock index continues developing a consolidation range around 4133.0. Today the range might extend to 4171.1. Next, a decline to 4055.0 could follow. And if this level breaks downwards, the potential for a declining wave to 3900.0 might open.
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 stays in positive territory above 1.0850 after US data
EUR/USD clings to modest daily gains above 1.0850 in the second half of the day on Friday. The improving risk mood makes it difficult for the US Dollar to hold its ground after PCE inflation data, helping the pair edge higher ahead of the weekend.
GBP/USD stabilizes above 1.2850 as risk mood improves
GBP/USD maintains recovery momentum and fluctuates above 1.2850 in the American session on Friday. The positive shift seen in risk mood doesn't allow the US Dollar to preserve its strength and supports the pair.
Gold rebounds above $2,380 as US yields stretch lower
Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside.
Avalanche price sets for a rally following retest of key support level
Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.
The election, Trump's Dollar policy, and the future of the Yen
After an assassination attempt on former President Donald Trump and drop out of President Biden, Kamala Harris has been endorsed as the Democratic candidate to compete against Trump in the upcoming November US presidential election.