TRENDING:

GBP/USD

XAU/USD

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the descending wave at 1.0963, EURUSD is consolidating around 1.1000. Today, the pair may expand the range down to 1.0960 and then form one more ascending wave with the target at 1.1048.

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

After finishing the descending structure at 1.3210 and then breaking it to the downside, GBPUSD is expected to continue trading downwards with the target at 1.3134.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues growing towards 122.08. Later, the market may start a new decline to break 120.32 and then continue trading downwards with the target at 118.40.

USD/CHF, “US Dollar vs Swiss Franc”

Having completed the descending wave at 0.9295, USDCHF is growing towards 0.9333. After that, the instrument may break the latter level and continue trading upwards with the target at 0.9375.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is falling towards 0.7390 and may later start a new growth to reach 0.7440. After that, the instrument may resume trading downwards with the target at 0.7299.

Brent

Brent has broken 119.80 and may later continue growing towards 127.40. After that, the instrument may correct down to 112.80 and then resume trading upwards with the target at 142.00.

XAU/USD, “Gold vs US Dollar”

Gold has formed a new consolidation range around 1925.35. Possibly, today the metal may grow to break 1950.00 and then continue trading upwards with the first target at 1986.30.

S&P 500

Having completed the ascending structure at 4500.0, the S&P index is expected to fall towards 4365.5 and may later start a new decline to break 4365.7. After that, the instrument may continue moving within the downtrend with the target at 4070.0.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims gains, nears 1.1700

The EUR/USD pair eases in the American afternoon and approaches the 1.1700 mark. The pair surged earlier in the day after the ECB left interest rates unchanged and upwardly revised inflation and growth figures. The US CPI rose 2.7% YoY in November, nearing Fed’s goal.

GBP/USD returns to 1.3370 after BoE, US CPI

The GBP/USD pair jumped towards the 1.3440 early in the day, following the BoE decision to cut rates, and US CPI data, which was much softer than anticipated. The US Dollar, however, managed to regain the ground lost during US trading hours.

Gold extends its consolidative phase around $4,330

The bright metal cannot attract speculative interest on Thursday, despite central banks announcements and the United States latest inflation update. XAU/USD is stuck around $4,330, confined to a tight intraday range.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bank of England cuts rates in heavily divided decision

The Bank of England has cut rates to 3.75%, but the decision was more hawkish than expected, leaving market rates higher and sterling slightly stronger. It's a close call whether the Bank cuts again in February or March.

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.