TRENDING:

XAU/USD

Silver

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 along with the correction. Possibly, today the price may form the second impulse to break 1.1300 and then continue trading inside the downtrend with the short-term target at 1.1270.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected towards 1.3150; right now, it is forming the fifth structure. Possibly, the pair may break 1.3220 and reach the first target at 1.3150. After that, the instrument may start a new growth towards 1.3268.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating near the lows; it has reached 1.0020 again. Today, the pair may grow to break 1.0044. Later, the market may continue moving upwards with the target at 1.0077.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Possibly, the pair may break 111.49 and then continue trading inside the downtrend with the first target at 111.09.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating below 0.7095. Today, the pair may break the range downwards. The short-term target is at 0.6967.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is being corrected to return to 65.65. Later, the market may trade downwards to break 65.14 and then continue falling with the target at 64.90.

XAUUSD, “Gold vs US Dollar”

Gold has finished the first descending impulse; right now, it is being corrected with the target at 1301.70. After that, the instrument may resume trading downwards to reach the short-term target at 1282.46.

BRENT

Brent is consolidating around 67.18. Possibly, the pair may fall to test 66.66 from above and then resume its growth with the key target at 68.40.

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.