EUR/USD, “Euro vs US Dollar”
EURUSD is growing towards 1.0990 and may later form a new descending structure to reach 1.0880. After that, the instrument may resume trading upwards with the first target at 1.1125.
GBP/USD, “Great Britain Pound vs US Dollar”
After finishing the descending wave at 1.3000 and forming a new consolidation range above this level, GBPUSD has broken it to the upside. Today, the pair may continue trading upwards with the first target at 1.3111.
USD/JPY, “US Dollar vs Japanese Yen”
After finishing the ascending wave at 118.40, USDJPY is forming a new consolidation range below this level. Possibly, the pair may break the range to the downside and reach 117.60. If later the price breaks this level as well, the market may continue trading downwards with the first target at 116.82.
USD/CHF, “US Dollar vs Swiss Franc”
Having completed the ascending wave at 0.9393 and formed a new consolidation range below this level, USDCHF is expected to break it to the downside and reach 0.9323. After that, the instrument may correct towards 0.9360 and then resume trading downwards with the first target at 0.9250.
AUD/USD, “Australian Dollar vs US Dollar”
After rebounding from 0.7366, AUDUSD is falling towards 0.7150 and may later consolidate there. If the price breaks this range to the downside, the market may form a new descending impulse with the target at 0.7070; if to the upside – start a new growth towards 0.7257 and then resume falling to reach the above-mentioned target.
Brent
Brent continues the correction towards 101.10. Possibly, today the asset may form one more ascending structure with the first target at 120.80. After that, the instrument may start a new correction towards 112.55.
XAU/USD, “Gold vs US Dollar”
Gold has finished the correction at 1950.50; right now, it is consolidating around this level. Today, the metal may break the range to the upside and start a new growth with the target at 2015.50. Later, the market may break the latter level and then continue growing to reach 2093.30. On the other hand, if the asset breaks the ranger to the downside, the instrument may continue the correction with the target at 1850.00.
S&P 500
The S&P index has formed a new consolidation range around 4200.0; right now, it is trading to break this level to the downside and reach 4070.0. Later, the market may start a new growth with the first target at 4333.3.
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 traders seem non-committed around 0.6500 amid mixed cues
AUD/USD extends its consolidative price move just above 0.6500 on Friday. The RBA's hawkish and upbeat market mood supports the Aussie, though mixed Australian PMI prints fail to inspire bulls. Moreover, bets for a slower Fed rate-cut path continue to fuel the post-US election USD rally and cap the currency pair.
USD/JPY slides to 154.00 as higher Japanese CPI fuels BoJ rate-hike bets
USD/JPY languishes near 154.00 following the release of a slightly higher-than-expected Japan CPI print, which keeps the door open for more rate hikes by the BoJ. That said, the risk-on mood, along with elevated US bond yields, could act as a headwind for the lower-yielding JPY and limit losses for the pair amid a bullish USD, bolstered by expectations for a less dovish Fed and concerns that Trump's policies could reignite inflation.
Gold price advances to near two-week top on geopolitical risks
Gold price touched nearly a two-week high during the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend seems unaffected by bets for less aggressive Fed policy easing, sustained USD buying and the prevalent risk-on environment
Ethereum Price Forecast: ETH open interest surge to all-time high after recent price rally
Ethereum (ETH) is trading near $3,350, experiencing an 10% increase on Thursday. This price surge is attributed to strong bullish sentiment among derivatives traders, driving its open interest above $20 billion for the first time.
A new horizon: The economic outlook in a new leadership and policy era
The economic aftershocks of the COVID pandemic, which have dominated the economic landscape over the past few years, are steadily dissipating. These pandemic-induced economic effects are set to be largely supplanted by economic policy changes that are on the horizon in the United States.
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.