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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”

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 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.