TRENDING:

XAU/USD

Silver

Forex Technical Analysis & Forecast: 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 forming the fifth descending wave with the target at 1.0500; the instrument has already completed the first structure of this wave. Later, in our opinion, the market may be corrected towards 1.0635 and then continue falling towards 1.0530.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still falling towards 1.2344. After that, the instrument may start moving upwards to reach 1.2463.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming the fifth ascending wave with the target at 1.0133; the instrument has already completed the first structure of this wave. Later, in our opinion, the market may be corrected towards 1.0010 and then continue growing to reach 1.0103.

USDJPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is still moving upwards and expected to form the fifth part of the wave with the target at 115.30. Possibly, today the price may reach 113.90 and then fall towards 113.28. After that, the instrument may start another growth with the target at 114.60.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is forming the first descending impulse towards 0.7631. After reaching this level, the instrument may grow with the target at 0.7680. Later, in our opinion, the market may continue falling to reach 0.7500.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is growing towards 58.73. Possibly, today the price may fall to reach 57.64 and then continue moving upwards.

XAUUSD, “Gold vs US Dollar”

Gold is forming another descending structure towards 1229. After that, the instrument may grow be corrected to reach 1237 and then continue moving downwards with the target at 1212.

BRENT

Brent has reached the first target of the correction. Possibly, the price may fall towards 55.25 and then start consolidating. Later, in our opinion, the market may break this consolidating range to the downside and continue falling to reach 54.00.

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.