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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 been corrected upwards to return to 1.1813. We think, today the price may continue falling to reach the target at 1.1676.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is being corrected towards 1.3246. Possibly, today the price may complete the correction and continue falling inside the downtrend with the target at 1.2965.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has tested 0.9836 again. We think, today the price may be corrected towards 0.9770. After that, the instrument may continue growing with the local target at 0.9872.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair has completed the correction and right now is consolidating at the top of it. Possibly, today the price may fall towards 112.22 and then grow to reach 112.60. Later, in our opinion, the market may be start another descending wave with the target at 111.40.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair has formed another consolidation range. If later the instrument breaks this range to the upside, the market may grow and reach 0.7925; if to the downside – resume falling inside the downtrend towards 0.7680.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is trading below 57.54 and may continue falling inside the downtrend towards 56.65. Possibly, today the price may reach 57.65 and then resume moving downwards with the local target at 56.65.

XAUUSD, "Gold vs US Dollar"

Gold has broken the consolidation range downwards. Possibly, the price may fall to reach 1272. After that, the instrument may be corrected towards 1289 and then trade to the downside with the target at 1260.

BRENT

Brent is still consolidating; right now, it's trading above 57.50. If later the instrument breaks this range to the upside, the market may grow and reach 58.90; if to the downside – fall towards 56.81 and then resume growing inside the uptrend 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 faces next resistance near 1.1930

EUR/USD has surrendered its earlier intraday advance on Thursday and is now hovering uncomfortably around the 1.1860 region amid modest gains in the US Dolla. Moving forward, markets are exoected to closely follow Friday’s release of US CPI data.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.

Gold plunges on sudden US Dollar demand

Gold drops markedly on Thursday, challenging the $4,900 mark per troy ounce following a firm bounce in the US Dollar and amid a steep sell-off on Wall Street, with losses led by the tech and housing sectors.

Ripple collaborates with Aviva Investors to tokenize funds as XRP interest declines

Ripple (XRP) exhibits subtle recovery signs, trading slightly above $1.40 at the time of writing on Thursday, as crypto prices broadly edge higher. Despite the metered uptick, risk-off sentiment remains a concern across the crypto market, as retail and institutional interest dwindle.

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Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

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