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 reached 1.1870 and right now is still moving upwards. Possibly, the price may extend this growth to reach the upside border of the Expanding Triangle pattern. If later the instrument rebounds from this border, the market may fall towards 1.1650, break it, and then continue moving downwards with the target at 1.1450.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair has broken its consolidation channel to the upside. We think, today the price may continue growing towards 1.3320. Later, in our opinion, the market may fall to reach 1.2920.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has broken its consolidation range downwards. Possibly, today the price may reach 0.9700. After that, the instrument may start growing towards the target at 0.9850.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair is still consolidating in the center of the range. We think, today the price may break the downside border and continue falling to reach 111.38.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair has reached the target of the ascending wave. Possibly, today the price may start forming another descending structure with the target at 0.7780.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is falling towards 57.30. We think, today the price may test 57.75 and then fall inside the downtrend to reach 56.55.

XAUUSD, "Gold vs US Dollar"

Gold is trading to break the consolidation range to the upside. Possibly, the price may grow towards 1311 and then start falling to reach 1260.

BRENT

Brent is consolidating around 56.40. Possibly, the price may continue growing to reach 57.30 Later, in our opinion, the market may break this level and continue moving upwards with the target at 59.50.

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 lower ground near 1.1850 ahead of EU/ US data

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1850 in European trading on Friday. A broadly cautious market environment paired with modest US Dollar demand undermines the pair ahead of the Eurozone GDP second estimate and the critical US CPI data.

GBP/USD keeps losses around 1.3600, awaits US CPI for fresh impetus

GBP/USD holds moderate losses at around 1.3600 in the European session on Friday, though it lacks bearish conviction. The US Dollar remains supported amid softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold trims intraday gains to $5,000 as US inflation data loom

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.