EUR/USD, “Euro vs US Dollar”
EUR/USD has completed a declining wave to 1.0631. By now, it has performed a link of growth to 1.0686. A decline to 1.0648 is expected today. Practically, a consolidation range is forming around this level. The range might then extend to 1.0700. Next, the price could drop to 1.0608 and perform an impulse of growth to 1.0760. This is the first target.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed a wave of decline to 1.2379. Today the market is forming a consolidation range above this level. A link of growth to 1.2404 is expected. Practically, a consolidation range is forming around this level. It might later extend downwards to 1.2365. After the price hits this level, an impulse of growth to 1.2444 might develop. This is the first target.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed a wave of growth to 147.94. Next, a decline to 147.51 and a link of growth to 147.99 could form. After the quotes reach this level, an impulse of decline to 146.95 might follow. This is the first target.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed a wave of growth to 0.8976. Today the market is forming a consolidation range under this level. A link of decline to 0.8947 is expected, followed by a link of growth to 0.8980. Upon reaching this level, the price could form a declining impulse to 0.8888. This is the first target.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed a link of growth to 0.6472. A wave of decline to 0.6420 could form today. After that a link of correction to 0.6446 and a decline to 0.6393 are expected. The latter is a local target.
Brent
Brent has completed a wave of correction to 92.15, and today it could extend to 96.30. Upon reaching this level, the price might form a link of decline to 94.15. Next, a rise to 97.15 could follow. This is a local target.
XAU/USD, “Gold vs US Dollar”
Gold has formed a consolidation range around 1917.15 and might escape it upwards, extending its correction to 1933.00. After the price reaches this level, a link of growth to 1901.33 is expected. This is a local target.
S&P 500
The stock index has completed an impulse of decline to 4449.0. Today the market is forming a consolidation range above this level. An escape downwards to 4416.5 is expected. Upon reaching this level, the price could develop a link of correction to 4468.4 (with a test from below). Next, a decline to 4389.0 is expected. This is a local target.
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.