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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 has completed the first descending impulse at 1.1287 along with the correction. Possibly, today the pair may form a new descending structure with the short-term predicted target at 1.1262.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the ascending channel. Today, the pair may start a new decline towards 1.2882 ad then form one more ascending structure to reach 1.2905. After that, the instrument may resume trading inside the downtrend with the first target at 1.2828.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming another ascending structure. Possibly, today the pair may reach 1.0065 and then resume falling towards 1.0045, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may resume trading upwards to reach 1.0104; if to the downside – start a new correction towards 1.0017 and then form one more ascending structure with the target at 1.0104.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the upside target at 110.63. Possibly, the pair may fall to break 110.25 and then and continue trading inside the downtrend to with the target at 109.82.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has also reach the upside target at 0.7160. Today, the pair may resume trading inside the downtrend towards 0.7030.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached 66.22; right now, it is consolidating around this level. If later the instrument breaks this range to the downside, the price may continue trading inside the downtrend towards 60.90; if to the upside – start a new correction with the target at 66.64.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1324.24. Possibly, the pair may break the range to the upside and reach 1332.22. However, if the instrument breaks this range to the downside, the price may start a new correction with the target at 1316.00.

BRENT

Brent is consolidating below 66.66. Possibly, the pair may trade downwards to reach 64.74. However, if the price breaks 66.66 to the upside, the instrument may form one more ascending structure with the target at 68.45.

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 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.

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