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

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

The EUR/USD pair is still moving in the fifth ascending structure to reach the target at 1.0700. Possibly, the market may reach this target with the extension. The structure of the fifth wave implies that right now the price may be testing 1.0630. After that, the instrument may continue growing towards the above-mentioned target.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the descending impulse and right now is being corrected towards 1.2636. Later, in our opinion, the market may start falling to reach 1.2444.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is falling to reach the target at 1.0070. We think, today the price may return to 1.0136 and then fall towards the target. Later, in our opinion, the market may be corrected with the target at 1.0140.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming another descending impulse and reach 112.50 Later, in our opinion, the market may be corrected towards 113.50 and then continue falling to reach 106.50. An alternative scenario suggests that the instrument may grow to reach a new high.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed the ascending impulse and the correction . We think, today the price may continue growing towards 0.7550. In case the market reaches another low, the instrument may continue falling inside the downtrend with the target at 0.7100.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is expected to fall towards 62.00. After that, the instrument may return to 63.50 and then fall to reach the local target at 61.00.

XAUUSD, “Gold vs US Dollar”

Gold is growing towards 1186. Later, in our opinion, the market may move downwards with the target at 1160 and then form another ascending structure to reach 1250.

BRENT

Brent is forming the third ascending wave with the target at 56.00. Possibly, today the market may fall towards 52.20 and then continue growing to reach the local target. After that, the instrument may be corrected towards 51.50 and then grow to reach 56.00.

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 holds lower ground near 1.1850 ahead of EU/ US data

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1850 in European trading on Friday. A broadly cautious market environment paired with modest US Dollar demand undermines the pair ahead of the Eurozone GDP second estimate and the critical US CPI data.

GBP/USD keeps losses around 1.3600, awaits US CPI for fresh impetus

GBP/USD holds moderate losses at around 1.3600 in the European session on Friday, though it lacks bearish conviction. The US Dollar remains supported amid softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold trims intraday gains to $5,000 as US inflation data loom

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.