Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.2178; after expanding the range up to 1.2214 and rebounding from this level, it is falling towards 1.2144. Today, the pair may break the latter level and then continue trading downwards with the target at 1.2090. After that, the instrument may start a new correction towards 1.2170.
GBPUSD, “Great Britain Pound vs US Dollar”
After breaking 1.4111 and forming a new consolidation range around this level, GBPUSD is expected to continue falling 1.4040. Later, the market may correct to return to 1.4111 and form one more ascending structure with the target at 1.4000.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
USDRUB, “US Dollar vs Russian Ruble”
After finishing the descending wave at 72.00, USDRUB is expected to correct towards 72.55. After that, the instrument may resume trading downwards with the target at 71.71 or even reach 71.50.
USDJPY, “US Dollar vs Japanese Yen”
After completing the ascending wave at 109.60, USDJPY is consolidating around this level. Today, the pair may grow to break 110.00 and then form one more ascending structure with the target at 110.55.
USDCHF, “US Dollar vs Swiss Franc”
After reaching the downside border of the range at 0.8927 and rebounding from this level to the upside, USDCHF is growing. Possibly, today the pair may reach the upside border of the range at 0.9050. Later, the market may break this level and then continue trading upwards with the short-term target at 0.9174.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the descending structure at 0.7725; right now, it is consolidating around this level. Today, the pair may break this range to the downside and continue trading downwards with the first target at 0.7686.
BRENT
Brent has expanded the range up to 72.61. Possibly, today the asset may correct towards 70.00 and then resume trading upwards with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.
XAUUSD, “Gold vs US Dollar”
Gold is falling towards 1852.64. Possibly, the metal may break this level to the downside and form a new descending structure with the short-term target at 1802.22.
S&P 500
The S&P index is still consolidating around 4222.0 without any particular direction. Possibly, today the asset may break this range to the upside and resume growing towards 4275.1. After that, the instrument may correct downwards to reach 4170.0 and then form one more ascending structure with the target at 4303.3.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- 3 Signs of Developing U.S. Economic Slowdown Apr 19, 2024
- Israel has retaliated against Iran. Investors run to safe assets Apr 19, 2024
- Gold hits record high amid growing geopolitical tensions Apr 19, 2024
- The US natural gas prices fell to a 2-month low. A drop in the technology sector on Wednesday had a negative impact on the broad market Apr 18, 2024
- Target Thursdays: Cocoa, Bitcoin and USDCHF hit targets! Apr 18, 2024
- British Pound shows signs of recovery amid favourable inflation data Apr 18, 2024
- Indices decline amid hawkish comments from the Fed. Investors are waiting for Israel’s answer Apr 17, 2024
- EURGBP: Slams into support on hot UK inflation Apr 17, 2024
- Brent crude prices dip amid concerns over global demand Apr 17, 2024
- Stock indices sell-off amid rising geopolitical tensions in the Middle East. China’s GDP grew the most in a year Apr 16, 2024