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 forming the second descending impulse with the target at 1.1668. Later, in our opinion, the market may grow towards 1.1746 and then resume falling to reach 1.1630.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is forming the third ascending structure with the target at 1.3280. After that, the instrument may resume falling towards 1.3172 and then form another structure to the upside with the target at 1.3310 to complete the correction. Later, in our opinion, the market may continue falling.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is still being corrected. We think, today the price may grow to reach 0.9963 and start another decline to return to 0.9900. After that, the instrument may resume growing inside the uptrend with the target at 1.0081.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached its target and expanded the range to the downside. Possibly, today the price may grow to reach 112.51 and then resume trading to the downside with the target at 111.71.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is extending the wave downwards. We think, today the price may reach 0.7523 and then grow towards 0.7570. Later, in our opinion, the market may continue falling with the target at 0.7490.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has broken 59.50 downwards. Possibly, today the price may grow to reach 59.50 and then resume falling with the first target at 58.68.

XAUUSD, “Gold vs US Dollar”

Gold has completed the third ascending impulse. We think, today the price may fall to reach 1277, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction towards 1311; if to the downside – fall inside the downtrend with the target at 1250.

BRENT

Brent is moving upwards; it has broken 62.26 upwards. The target is at 63.30. After that, the instrument may fall to return to 62.26 and then resume moving to the upside towards 66.00.

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.