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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 is growing towards 1.1958. Later, in our opinion, the market may fall to break 1.1909. the local target is at 1.1858.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is still consolidating. After breaking this range to the downside, the price may fall towards 1.3222 and then resume growing with the target at 1.3444.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair is falling towards 0.9686. After that, the instrument may grow to break the upside border of the range. The local target is at 0.9800.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair is still consolidating. We think, today the price may reach 111.82 and then grow towards 112.11. If the instrument breaks this range to the downside, the market may continue falling with the target at 109.57.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair is consolidating near its lows. Possibly, the price may form another ascending structure towards 0.8000. Later, in our opinion, the market may fall to break 0.7912. The local target is at 0.7812.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is forming the fifth descending structure to reach the target at 56.54. Possibly, today the price may be corrected towards 57.87. After that, the instrument may continue falling to reach the above-mentioned target.

XAUUSD, "Gold vs US Dollar"

Gold is moving downwards. The next target is at 1284.40. Later, in our opinion, the market may be corrected towards 1320.00.

BRENT

Brent has expanded its consolidation range to the upside. We think, today the price may fall towards 55.55 and then form another ascending structure to reach 57.00. After that, the instrument may start another correction with the target at 51.00.

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.