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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 consolidating around 1.1739 without any particular direction. According to the main scenario, the price may break this range to the downside and continue falling inside the downtrend to reach the first target at 1.1630.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still forming the third ascending structure. We think, today the price may reach 1.3282. After that, the instrument may fall towards 1.3111 and then resume moving to the upside with the target at 1.3310.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has formed another consolidation channel around 0.9905. According to the main scenario, the price may break this channel upwards to reach 0.9991. An alternative scenario implies that the market may fall towards 0.9838 and then resume moving to the upside with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving downwards. Possibly, today the price may reach 111.82 and complete this descending wave. After that, the instrument may resume growing with the target at 113.57.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair has finished the ascending impulse and right now is being corrected. We think, today the price may continue the correction. The first target is at 0.7666. Later, in our opinion, the market may fall to reach 0.7600.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is forming another descending structure with the target at 58.58. Possibly, today the price may complete this structure and then resume moving to the upside to reach 59.50.

XAUUSD, “Gold vs US Dollar”

Gold continues falling towards 1271. Later, in our opinion, the market may grow to reach 1284 and then start another descending wave with the target at 1250.

BRENT

Brent is moving upwards. Possibly, the price may break 63.20. The local target is at 64.85. After that, the instrument may fall to return to 63.20 and then resume moving to the upside with the first target at 65.30.

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.