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.

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 holds steady above 1.1850 as markets eye Eurozone GDP, US CPI inflation releases

The EUR/USD pair trades on a flat note near 1.1870 during the early Asian session on Friday. The major pair steadies amid mixed signals from the latest release of US economic indicators. Traders await the preliminary reading of the Eurozone Gross Domestic Product for the fourth quarter and US inflation data, which are published later on Friday.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold: Will US CPI data trigger a range breakout?

Gold retakes $5,000 early Friday amid a turnaround from weekly lows as US CPI data loom. The US Dollar consolidates weekly losses as AI concerns-driven risk-off mood stalls downside. Technically, Gold appears primed for a big range breakout, with risks skewed toward a bullish break.