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


EUR/USD, “Euro vs US Dollar”

EUR/USD has reached 1.1160 while forming the third ascending wave. Today, the pair may correct to test 1.1140 from above and then form one more ascending structure with the short-term target at 1.1174.

EURUSD

 

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

GBP/USD has finished the ascending wave at 1.3056. Possibly, today the pair may form a new descending structure to reach the short-term target at 1.2901.

GBPUSD

 

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is moving downwards. Today, the pair may correct to reach 0.9650 and then start a new decline with the target at 0.9614.

USDCHF

 

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating around 109.87. According to the main scenario, the price is expected to resume trading downwards with the short-term target at 109.55.

USDJPY

 

AUD/USD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6880 and breaking the correctional channel, AUDUSD is moving upwards to reach 0.6924. After that, the instrument may start another decline to return to 0.6880.

AUDUSD

 

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the ascending correction towards 61.61. Today, the pair may continue trading inside the downtrend with the target at 60.70.

USDRUB

 

USD/CAD, “US Dollar vs Canadian Dollar”

After breaking the consolidation range to the downside, USDCAD has completed the descending structure towards 1.3040. Possibly, today the pair may form one more ascending structure to reach 1.3055 and then resume falling with the target at 1.3030.

USDCAD

 

XAU/USD, “Gold vs US Dollar”

After finishing the ascending wave at 1558.05, Gold is consolidating near the highs. Possibly, the pair may expand the range up to 1559.00 and then continue trading inside the downtrend with the target at 1547.55.

 

XAUUSD

 

BRENT

Brent is moving upwards to reach 65.00. Later, the market may start a new correction towards 64.40 and then resume trading inside the uptrend with the first target at 66.40.

BRENT

 

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is still moving downwards to reach 8450.00. Possibly, the pair may reach this level and then start a new correction towards 8655.00, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 8960.00; it to the downside – resume falling with the target at 7900.00.

BTCUSD

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD hits two-month lows amid USD strength

EUR/USD has pared its gains that followed upbeat preliminary PMIs for Germany came out above expectations, pointing to a recovery. The USD is advancing amid fears of the coronavirus.

EUR/USD News

GBP/USD drops below 1.31 amid USD strength, fails to sustain PMI gains

GBP/USD is trading below  1.31 after hitting a fresh high of 1.3172. The UK Manufacturing PMI beat with 49.8 and Services PMI with 52.9. The USD is gaining ground across the board.

GBP/USD News

Cryptos: Bears take over and draw a bloody moon

Despite appearances, Bitcoin is the asset with the best risk/benefit ratio. The current falls are adjusted to the ranges of the previous rise. Downward momentum expires in the first half of February.

Read more

Gold rebounds above $1560

The XAU/USD pair dropped to a daily low of $1556.70 during the European trading hours as the easing worries over coronavirus becoming a global epidemic and a broad-based USD strength put the pair under bearish pressure.

Gold News

USD/JPY stuck in range around 109.50 amid China coronavirus concerns

USD/JPY sticks to its range play around the midpoint of the 109 handle amid rising fears of the Chinese coronavirus outbreak globally, upbeat Japanese CPI data and a minor bounce seen in the US dollar across the board. Focus shifts to US PMIs. 

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures