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XAU/USD

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”

EURUSD is forming another descending structure. Possibly, today the price may break 1.2330 to the downside and form a continuation pattern. The predicted short-term target is at 1.2250.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.41650 and formed a continuation pattern near 1.4200. Today, the price may consolidate near the lows. If later the market breaks this range to the upside, the instrument may be corrected to reach 1.4200; if to the downside – resume moving downwards with the target at 1.4030.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continue moving upwards. Possibly, today the price may reach 0.9750 and then start another correction towards 0.9550. Later, the market may continue growing with the target at 0.9900.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY hasn’t been able to continue the descending wave and right now is moving upwards. Possibly, the price may continue extending the fifth structure towards 107.81. After that, the instrument may be corrected with the target at 106.15.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed another consolidation range and broken it downwards. Today, the price may test 0.7745 from below and then resume moving downwards with the first target at 0.7680.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed another descending impulse; it is trading to break 60.78 downwards. Possibly, today the price may fall to reach 60.04 and then grow to return to 60.78. Later, the market may start another decline with the target at 58.14.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1346.00 downwards. Possibly, the price may form another descending wave towards 1336.00 and then grow to test 1346.00 from below. After that, the instrument may continue trading to the downside with the target at 1300.00.

BRENT

Brent is moving downwards. Possibly, the price may reach 73.33 and then grow towards 74.00, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may start another correction to reach 68.00; if to the upside – extend the current wave towards 75.88.

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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 struggles near 1.1850, with all eyes on US CPI data

EUR/USD holds losses while keeping its range near 1.1850 in European trading on Friday. A broadly cautious market environment paired with a steady US Dollar undermines the pair ahead of the critical US CPI data. Meanwhile, the Eurozone Q4 GDP second estimate has little to no impact on the Euro.

GBP/USD recovers above 1.3600, awaits US CPI for fresh impetus

GBP/USD recovers some ground above 1.3600 in the European session on Friday, though it lacks bullish conviction. The US Dollar remains supported amid a softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold remains below $5,000 as US inflation report looms

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains in the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

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