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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 has rebounded from 1.1200 and may continue falling; right now, it is forming the third descending wave with the short-term target at 1.1111. Later, the market may consolidate and then resume trading inside the downtrend towards 1.1050.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.2960; right now, it is forming the third descending wave with the short-term target at 1.2800. After that, the instrument may consolidate for a while and then resume trading inside the downtrend to reach 1.2730.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has rebounded from 1.0170; right now, it is forming the third ascending wave with the target at 1.0293. Later, the market may consolidate and then continue trading inside the uptrend towards 1.0360.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 112.02. Possibly, the pair may continue growing to reach 112.42 and then form a new descending structure to return to 112.02. If later the price breaks range to the downside, the instrument may continue falling with the target at 110.86; if to the upside – start a new growth to extend the wave towards 113.03.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still forming the third descending wave with the short-term target at 0.6925. After that, the instrument may be corrected to reach 0.7064 and then resume trading inside the downtrend.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has been corrected towards 64.29. Today, the pair may start a new decline to break 63.66 and then continue trading inside the downtrend with the short-term target at 63.03.

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending impulse at 1278.45. Possibly, today the pair may fall to reach 1271.44, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 1260.00; if to the upside – start another correction towards 1289.10.

BRENT

Brent is still consolidating around 74.00. Today, the pair may form one more ascending structure with the target at 75.05 and then form a new consolidation range. If later the price breaks range to the downside, the instrument may be corrected to reach 73.00; if to the upside – continue trading inside the uptrend towards 76.50.

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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.

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Week ahead: Data blitz, Fed Minutes and RBNZ decision in the spotlight

The US jobs report for January, which was delayed slightly, didn’t do the dovish Fed bets any favours, as expectations of a soft print did not materialize, confounding the raft of weak job indicators seen in the prior week.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

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.