TRENDING:

XAU/USD

Silver

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 moving upwards. The local target is at 1.0750. After that, the instrument may fall towards 1.0600 to test it from above. In fact, the market is starting a new correction.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has moved upwards and completed the fourth wave of the correction. Later, in our opinion, the market may fall to reach the target at 1.2200.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken its consolidation range to the downwards and reached the local downside target. Possibly, today the price may fall to reach 0.9975 and then grow with the target at 1.0077. After that, the instrument may form the fifth wave towards 0.9830.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has is moving upwards. Possibly, today the price may form the fourth wave to return to 115.45. Later, in our opinion, the market may move downwards with the target at 112.00.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed the ascending wave Possibly, today the price may fall to reach 0.7360. The first target is at 0.7450.

USDRUB, “US Dollar vs Russian Ruble”

Being under pressure, the USD/RUB pair is moving downwards; it has already broken its consolidation range to the downside. Possibly, today the price may reach 58.15. However, the market is moving without any correction, that’s why it may grow with the target at 59.88.

XAUUSD, “Gold vs US Dollar”

Gold has reached the target of the ascending structure. Possibly, the price may break the previous channel and start the fifth wave towards 1100. The first target is at 1170.

BRENT

Brent has broken the consolidation range to the upside and may continue growing inside the fifth wave to reach 59.90. However, an alternative scenario suggests that the market may form another descending wave with the target at 53.00.

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 flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.