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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 another low of the descending wave. Possibly, today the price may test 1.1831 from below. 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 is consolidating to break 1.3374. We think, today the price may reach 1.3295. Later, in our opinion, the market may resume growing towards 1.3425.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is trading to rebound from 0.9862 and may continue growing inside the uptrend towards 1.0000. Possibly, today the price may form the ascending structure to reach 0.9958 and then start another correction with the target at 0.9909. After that, the instrument continue moving upwards.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has returned to 112.45. Possibly, today the price may form another descending structure with the target at 111.76.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to break 0.7556 to the downside. We think, today the price may continue falling inside the downtrend to reach 0.7522. After that, the instrument may grow to return to 0.7556 and then resume falling with the target at 0.7470.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading to break the top of the first ascending structure. Possibly, the price may reach 59.31. Later, in our opinion, the market may start consolidating to break this level upwards. The local target is at 60.06.

XAUUSD, “Gold vs US Dollar”

Gold is trading to rebound from 1268 to the downside. Possibly, the price may continue falling to break 1261 downwards. The next downside target is at 1249.

BRENT

Brent has broken its consolidation range to the downside. Possibly, today the price may test 62.10 from below. After that, the instrument may fall towards 59.90. In fact, the market is forming the third correctional wave.

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.