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 consolidating. We think, today the price may fall towards 1.0820 and then return to 1.0870. Later, in our opinion, the market may break this range to the downside and fall to reach 1.0737. the local target is at 1.0784.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is still consolidating without any particular direction. Possibly, today the price may continue falling to reach 1.2772 and then start another growth to return to 1.2820. After breaking the range downwards, the market may reach 1.2600.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair is consolidating. Possibly, today the price may fall towards 0.9925 and then grow to reach 1.0000. After that, the instrument may be corrected towards 0.9955 and then continue moving upwards with the target at 1.0100.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair is also consolidating. Possibly, today the price may form another descending structure with the target at 109.41. Later, in our opinion, the market may grow towards 110.00 and then start another decline to reach 108.00.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair has broken its ascending channel to the downside. Possibly, today the price may fall towards 0.7500. Later, in our opinion, the market may start consolidating. After breaking this consolidation range to the downside, the instrument may continue falling inside the downtrend with the target at 0.7420.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is consolidating at 56.00. According to the main scenario, the price may fall towards 55.44 and complete this descending wave. After that, the instrument may form another consolidation range with a reversal pattern. The market is expected to start a new correction with the target at 61.03.

XAUUSD, "Gold vs US Dollar"

Gold is consolidating as well. Possibly, today the price may grow towards 1283 and then fall to reach 1277. If later the market breaks this range to the upside, the instrument may grow towards 1312; if to the downside – continue the correction with the target at 1255.

BRENT

Brent has failed to continue its growth and right now is moving towards 51.81. Possibly, the price may complete this structure and then break the descending channel to the upside. The first target is at 55.00. Later, in our opinion, the market may be corrected towards 53.40.

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 keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD flirts with daily lows near 1.3630

GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.

Gold battle around $5,000 continues

Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

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.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.