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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 forming the second descending impulse; it has almost finished the reversal pattern. Possibly, the price may form the first descending wave towards 1.2066. The local target of this wave is at 1.2100.

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is falling with the target at 1.3707. After that, the instrument may be corrected towards 1.3821 and then continue its decline to reach 1.3620.

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming the second ascending impulse with the first target at 0.9744. Later, in our opinion, the market may be corrected to reach 0.9600.

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is trading in the center of another ascending wave towards 111.70. After that, the instrument may fall to reach 110.95 and then start another growth with the target at 112.55.

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards 0.7915. Later, in our opinion, the market may grow to reach 0.7967 and then form one more descending structure with the target at 0.7885.

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has completed the ascending correctional structure. We think, today the price may fall with the target at 55.88 and then start another correction to reach 57.61.

XAUUSD, “Gold vs US Dollar”

Gold is forming the second descending impulse. Possibly, today the price may reach 1309.00 and then grow towards 1325.00. Later, in our opinion, the market may start another decline with the target at 1305.00.

BRENT

Brent is trading to rebound from 68.60 to the upside. Possibly, the price may continue consolidating around 69.35. According to the main scenario, the pair is expected to continue moving upwards to break 70.20 and then reach 71.20.

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 losses near 1.1850 as US, China holidays keep trade muted

EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold remains below $5,050 despite Fed rate cut bets, uncertain geopolitical tensions

Gold edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing Gold could further gain ground following softer January Consumer Price Index figures, which reinforced expectations that the Federal Reserve could cut rates later this year.

Week ahead: Data blitz, Fed Minutes and RBNZ decision in the spotlight

The US jobs report for January, which was delayed slightly, didn’t do the dovish Fed bets any favours, as expectations of a soft print did not materialize, confounding the raft of weak job indicators seen in the prior week.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

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.