TRENDING:

XAU/USD

Silver

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

RoboForex Team RoboForex

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 remains offered below 1.1800, looks at US data

EUR/USD is still trading on the defensive in the latter part of Thursday’s session, while the US Dollar maintains its bid bias as investors now gear up for Friday’s key release of the PCE data, advanced Q4 GDP prints and flash PMIs.

GBP/USD bounces off monthly lows near 1.3430

GBP/USD is sliding in tandem with its risk-sensitive peers, drifting back towards the 1.3430 area, its lowest levels in the month. The move reflects a firmer Greenback, supported by another round of solid US data and a somewhat divided FOMC Minutes.

Gold surrenders some gains, back below $5,000

Gold is giving away part of its earlier gains on Thursday, receding to the sub-$5,000 region per troy ounce. The precious metal is finding support from renewed geopolitical tensions in the Middle East and declining US Treasury yields across the curve in a context of further advance in the Greenback.

XRP edges lower as SG-FORGE integrates EUR stablecoin on XRP Ledger

Ripple’s (XRP) outlook remains weak, as headwinds spark declines toward the $1.40 psychological support at the time of writing on Thursday.

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.