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XAU/USD

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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 broken 1.1831 downwards. Possibly, today the price may fall to reach 1.1784 and then grow towards 1.1830. After that, the instrument may form another descending structure with the local target at 1.1723.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the second descending impulse along with the correction. We think, today the price may form the third one with the target at 1.3310. Later, in our opinion, the market may resume growing towards 1.3425.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating to break 0.9865. Possibly, the price may continue growing towards 1.0017. After that, the instrument may be corrected to return to 0.9865 and then continue growing inside the uptrend with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving downwards. Possibly, the price may reach 112.02 and then resume growing towards 112.45. Later, in our opinion, the market may continue falling with the target at 111.88.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to the downside. We think, today the price may reach 0.7551. After that, the instrument may break this level downwards and then continue falling with the target at 0.7400.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading to break the ascending channel to the downside. The target is at 58.29. Later, in our opinion, the market may resume falling towards 58.68 and then start another decline to reach the local target at 57.95.

XAUUSD, “Gold vs US Dollar”

Gold has reached 1261 and right now is moving upwards to test 1272 from below. Possibly, the price may form another consolidation range near the lows. If later the price breaks this range to the downside, the market may continue falling towards the local target at 1250; if to the upside – start another correction to reach 1283.

BRENT

Brent is expected to reach 63.63, thus forming a new consolidation channel. If later the price breaks this channel to the upside, the market may grow towards 66.00; if to the downside – continue the correction to reach 61.00.

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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.