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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”

EUR/USD has completed the correction at 1.1114; right now, it is moving downwards to reach 1.1077. Later, the market may start a new correction to return to 1.1114 and then continue trading inside the downtrend with the target at 1.1066.

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

GBP/USD has broken 1.2267 upwards; right now, it is consolidating above this level. Possibly, the pair may form one more ascending structure towards 1.2323 and then start another decline with the target at 1.2194.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9834, USDCHF has formed a new descending impulse; right now, it is correcting towards 0.9826. After that, the instrument may resume trading downwards with the target at 0.9750.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating above 105.67. Possibly, the pair may form a new descending structure to reach 105.52. Later, the market may resume trading upwards to reach 107.07.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the correction in the form of Flag at 0.6737. Possibly, today the pair may form a new descending structure to reach 0.6767, thus forming a new consolidation range. If the price breaks this range to the downside, the instrument may continue the correction with the target at 0.6720; if to the upside – start a new growth towards 0.6815.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has almost completed the ascending wave. Today, the pair may form a new consolidation range above 66.28. If the price breaks this range to the downside, the instrument may start a new decline with the first target at 65.98.

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is moving upwards. Today, the pair may form a new consolidation range above 1.3292. After that, the instrument may break this range to the upside and grow towards 1.3361. Later, the market may form a new descending structure with the target at 1.3300 and then resume trading upwards to reach 1.3434 at least.

XAU/USD, “Gold vs US Dollar”

After finishing the correction at 1545.00, Gold has completed the descending impulse towards 1533.40. Possibly, today the pair may form a new consolidation range above the latter level. If the price breaks this range to the upside, the instrument may start a new growth to return to 1545.00; if to the downside – resume trading inside the downtrend to break 1523.00 and then continue moving downwards with the target at 1502.00.

BRENT

Brent has reached 59.90; right now, it is consolidating below this level. Possibly, the pair may start a new correction towards 59.40 and then form one more ascending structure with the first target at 60.40.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is moving downwards with the target at 9900.00. After that, the instrument may be corrected towards 10270.00 and then resume trading downwards with the predicted target at 9500.00.

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 keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD flirts with daily lows near 1.3630

GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.

Gold battle around $5,000 continues

Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.