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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 still forming the descending impulse; right now, it is consolidating at 1.1739. The local downside target is at 1.1672. Later, in our opinion, the market may return to 1.1739 and then resume falling to reach 1.1630.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still forming the third ascending structure with the target at 1.3281. After that, the instrument may resume falling towards 1.3115.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues growing to reach 0.9974. Later, in our opinion, the market may fall to return to 0.9910 and then start another ascending structure with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has returned to 112.52 and right now is trading to the downside. Possibly, today the price may reach 111.82 and then resume growing with the target at 113.57.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling to reach 0.7523. Later, in our opinion, the market may grow towards 0.7570 and then continue falling with the target at 0.7490.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has returned to 59.50. Possibly, today the price may continue falling inside the downtrend with the target at 58.58 to finish the correction. After that, the instrument may start the fifth ascending structure towards 60.60.

XAUUSD, “Gold vs US Dollar”

Gold has reached 1276.00 and may yet continue falling towards 1272.30. Later, in our opinion, the market may grow to reach 1284.00 and then start another descending structure with the target at 1250.

BRENT

Brent is moving upwards. Possibly, the price may reach 64.85. After that, the instrument may fall towards 63.20 and then resume moving to the upside with the target at 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.