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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 has completed the first descending impulse and right now is being corrected with the target at 1.0769. After that, the instrument may fall to break the low of the first impulse. The market is expected to continue forming the descending wave towards 1.0660.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is consolidating. Possibly, today the price may reach 1.2419. Later, in our opinion, the market may start moving downwards with the target at 1.2243.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has completed the ascending impulse and right now is being corrected. Possibly, today the price may reach 0.9951. After that, the instrument may grow to break the high of the first impulse. The market is expected to continue forming the ascending wave with the target at 1.0070.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair has broken its consolidation range to the downside. Possibly, the price may reach 112.25. Later, in our opinion, the market may start growing with the target at 113.89.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair is trading to break the consolidation range to the upside. Possibly, the price may reach 0.7732. After that, the instrument may start another decline towards 0.7610.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is consolidating around 57.64. Possibly, today the price may grow to reach 58.81. Later, in our opinion, the market may fall towards he local target at 56.61.

XAUUSD, "Gold vs US Dollar"

Being under pressure, Gold is still moving upwards. Possibly, the price may reach 1236.40. Later, in our opinion, the market may form another descending structure to reach 1205.00. The instrument is expected to continue forming the wave with the target at 1100.00.

BRENT

Brent has completed the descending correctional structure. Possibly, today the price may grow to break 52.11. The first target is at 52.83.

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 off highs, back to 1.1850

EUR/USD loses some upside momentum, returning to the 1.1850 region amid humble losses. The pair’s slight decline comes against the backdrop of a marginal advance in the US Dollar as investors continue to assess the latest US CPI readings.

GBP/USD advances to daily tops around 1.3650

GBP/USD now manages to pick up extra pace, clinching daily highs around 1.3650 and leaving behind three consecutive daily pullbacks on Friday. Cable’s improved sentiment comes on the back of the inconclusive price action of the Greenback, while recent hawkish comments from the BoE’s Pill also collaborates with the uptick.

Gold surpasses $5,000/oz, daily highs

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 yellow metal’s upside is also propped up by the lack of clear direction around the US Dollar post-US CPI release.

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.