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 is forming another descending structure towards 1.1285. Possibly, the pair may break this level and then continue trading inside the downtrend with the short-term target at 1.1255.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is also forming another descending structure towards 1.3071. Possibly, today the pair may break this level and then continue falling with the short-term target at 1.3025.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming another ascending structure towards 1.0069. After breaking this level, the instrument may continue growing with the short-term target at 1.0147.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating below 111.54. If later the price breaks range to the downside, the instrument may start the first wave with the target at 111.11.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading downwards to reach 0.7133. Later, the market may form one more ascending structure towards reach 0.7197 and then start another decline with the first target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 64.30 without any particular direction. Today, the pair may fall to reach 63.63 and then form one more ascending structure to return to 64.00. Later, the market may resume trading inside the downtrend to reach 63.00.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1288.08. Possibly, the pair may fall towards 1267.70 and then start a new growth to reach 1279.00. After that, the instrument may resume trading downwards with the short-term target at 1260.00.

BRENT

Brent is consolidating around 71.00 without any particular direction. Possibly, the pair may break 71.70 to the upside and resume trading inside the uptrend to reach 72.80. However, if this range is broken downwards, the market may be corrected towards 70.40 and then form one more ascending structure towards 73.15.

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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.