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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 broken 1.0780 upwards and may continue growing towards 1.0850 (an alternative scenario). However, taking into account that the price is moving without any corrections, it is expected to reach a new high and then plummet with the target at 1.0640.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is moving upwards. Possibly, the price may choose an alternative scenario and reach 1.2552. After that, the instrument may move downwards with the target at 1.2488 and then grow towards 1.2645. The market is moving without any corrections, that's why it may star plummeting to reach 1.2377.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has broken 0.9943 to the downside. Possibly, the price may move according to an alternative scenario and expand the range towards 0.9822. Later, in our opinion, the market may start another ascending structure with the target at 1.0000.

USDJPY, "US Dollar vs Japanese Yen"

Being under pressure, the USD/JPY pair is falling. Possibly, today the price may reach 110.65 and then grow towards 112.90. After that, the instrument may form another descending structure with the target at 110.30.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair is consolidating. Possibly, the price may form another ascending structure to reach 0.7694 and complete the correction. Later, in our opinion, the market may fall to break 0.7635. The local target is at 0.7595.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is consolidating at the lows. Possibly, today the price may reach a new low and return to 57.60. After that, the instrument may fall to reach 55.30. Right now, the market may grow towards 58.37 to test it from below. Later, in our opinion, the pair may continue falling inside the downtrend.

XAUUSD, "Gold vs US Dollar"

Being under pressure, Gold is moving upwards. Possibly, the price may choose an alternative scenario with the target at 1263. The market is moving without any corrections, that's why it may star plummeting to reach 1230.

BRENT

Brent is moving downwards to reach a new low. Possibly, the price may form another structure with the target at 49.52. Later, in our opinion, the market may start growing to reach 52.80.

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 steady above 1.1850 in quiet session

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.