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 formed two impulses and reached its predicted downside target; right now, it is forming the fifth structure. Today, the pair may form a new descending structure to reach 1.1274 and then start another growth with the target at 1.1303.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.3071; right now, it is still trading downwards with the target at 1.30025. Possibly, today the pair may reach this level and then start a new correction to return to 1.3071. Later, the market may resume trading inside the downtrend towards 1.2950.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues moving upwards. Today, the pair may fall to reach 1.0052 and then form one more ascending structure towards 1.0085. In general, the price is forming the ascending wave with the target at 1.0142.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 111.98 and forming the Divergent Triangle pattern. According to the main scenario, the pair is expected to break the range to the downside and reach the first target 110.86.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished another ascending structure. Possibly, today the pair may be corrected towards 0.7153 and then grow to reach 0.7178. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 64.34. Possibly, the pair may fall with the short-term target at 63.63.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1282.00 and may continue falling to reach 1267.70. After that, the instrument may form one more ascending structure towards 1289.00 and then start a new decline with the short-term target at 1260.00.

BRENT

Brent is trading upwards. Possibly, the pair may reach 72.35 and then form a new descending structure towards 71.40. Later, the market may start a new growth with the target at 72.81 or even extend this wave up to 73.80.

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 off highs, back to 1.1850

EUR/USD loses some upside momentum, returning to the 1.1850 region amid humble losses. The pair’s slight decline comes against the backdrop of a marginal advance in the US Dollar as investors continue to assess the latest US CPI readings.

GBP/USD clings to gains above 1.3600

GBP/USD reverses three consecutive daily pullbacks on Friday, hovering around the low-1.3600s on the back of the vacillating performance of the Greenback in the wake of the release of US CPI prints in January. Earlier in the day, the BoE’s Pill suggested that UK inflation could settle around 2.5%, above the bank’s goal.

Gold: Upside remains capped by $5,000

Gold is reclaiming part of the ground lost on Wednesday’s marked retracement, as bargain-hunters seem to have stepped in. The precious metal’s upside, however, appears limited amid the slightly better tone in the US Dollar after US inflation data saw the CPI rise less than estimated at the beginning of the year.

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.