EUR/USD, “Euro vs US Dollar”
The EUR/USD pair has completed a declining momentum at 1.0860 and a correction to 1.0868. Today the market is making a movement within a decline wave to 1.0790. After the price reaches this level, a rising link to 1.0829 is not excluded (with a test from below). Next, a decline to 1.0770 might follow. This is the first target.
GBP/USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed a decline momentum to 1.2424. A consolidation range has formed around this level today. With an escape downwards, the trend might extend to 1.2345. This is the first target.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has completed a wave of decline to 150.04. A rising momentum to 151.23 has been performed today. At the moment, a consolidation range is forming around this level. With an escape upwards, the potential for a rising wave to 152.20 could open.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed a decline wave to 0.8855. Today the market is forming a consolidation range above this level. An escape from the range upwards and extension of the wave to 0.9013 is expected. This is the first target.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed a decline momentum to 0.6484 and a correction to 0.6530. Today the market extends the decline wave to 0.6433. Next, a link of correction to 0.6480 is not excluded.
Brent
Brent has completed a consolidation range around 81.77 and extends a wave of decline to 79.79 with an escape from the range downwards. After the price reaches this level, a new wave of growth to 83.70 could start, from where the trend might continue to 85.33. This is a local target.
XAU/USD, “Gold vs US Dollar”
Gold has formed a decline momentum to 1955.40. A link of correction to 1966.00 is not excluded. Next, a decline wave to 1948.00 is expected, from where the trend could continue to 1922.75.
S&P 500
The stock index has formed a decline momentum to 4499.0. A link of correction to 4510.0 is expected today. Next, a new decline movement to 4470.0 is expected, from where the trend might continue to 4455.0. This is the first 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
AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Ethena Labs launches new UStb stablecoin backed by BlackRock's BUIDL token
Ethena Labs announced on Thursday that it has released a new stablecoin product, UStb. The new stablecoin will be fully collateralized by BlackRock's USD Institutional Digital Liquidity Fund and function similarly to a traditional stablecoin.
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.