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Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming another consolidation range close to the lows and breaking it to the upside, EURUSD has almost completed the correction towards the center of this descending wave. Possibly, the pair may form a new consolidation range above 1.1132. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the first target at 1.1100.

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD has reached the short-term target of the third ascending wave at 1.2284. Today, the pair may be corrected towards 1.2205 and then form one more ascending structure with the predicted target at 1.2323.

USD/CHF, “US Dollar vs Swiss Franc”

After forming another consolidation range above 0.9835 and breaking to the downside, USDCHF has completed the descending correction at 0.9720. Today, the pair may form a new consolidation range near the current lows. Later, the market may break 0.9777 upwards and start another growth with the first target at 0.9815.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has finished another descending structure; right now, it is moving downwards to reach 106.04. After that, the instrument may start a new correction towards 105.60 and then resume trading upwards with the target at 106.70.

AUD/USD, “Australian Dollar vs US Dollar”

After breaking 0.6735 downwards and expanding the range to the downside, AUDUSD has finished the ascending impulse and returned to the above-mentioned level. According to the main scenario, the price is expected to consolidate below 0.6740. Later, the market may break this range upwards and continue trading inside the uptrend with the target at 0.6800.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is being corrected towards 66.15. After that, the instrument may form a new descending structure with the predicted target at 65.20.

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is consolidating around 1.3300. Possibly, the pair may grow to break 1.3319 and then continue trading inside the uptrend with the predicted target at 1.3355.

XAU/USD, “Gold vs US Dollar”

There was a gap at the beginning of today’s trading session, which helped Gold to reach 1550.50 and complete this growth. Possibly, today the pair may consolidate near the current highs. Later, the market may break 1535.00 and resume trading downwards with the first target at 1510.00.

BRENT

Brent is consolidating near the lows. According to the main scenario, the price is expected to break 59.20 upwards and reach the first target at 59.90. However, the pair may choose an alternative scenario to fall to form a new descending structure to reach 57.60 first and then start another towards the above-mentioned target.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is forming a wide consolidation range. Possibly, today the pair may fall to break the downside border at 9944.00 and then continue trading inside the downtrend with the predicted target at 9400.00.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

EUR/USD: Bears retain control below 1.1780-1.1770 confluence breakpoint

The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day.

GBP/USD seems vulnerable near one-month low vs. USD as traders await US data

The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day. Spot prices trade below mid-1.3400s during the Asian session on Friday and seem vulnerable to slide further as traders now look to important US macro data for a fresh impetus.

Gold eyes next breakout on US GDP, PCE inflation data

Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events. The focus is now on the US fourth-quarter Gross Domestic Product, core Personal Consumption Expenditures Price Index and the Supreme Court’s ruling on President Donald Trump’s tariffs.

Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise

Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary.

Hawkish Fed minutes and a market finding its footing

It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.