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XAU/USD

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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 broken 1.1170; right now, it is still trading downwards. Possibly, today the pair may reach 1.1149 and then grow to test 1.1170 from below. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend to reach 1.1108; if to the upside – start a new correction with the target at 1.1200.

GBPUSD, “Great Britain Pound vs US Dollar”

In case of GBPUSD, the downtrend continues. Possibly, today the pair may reach 1.2676 and then start another correction towards 1.2788. Later, the market may continue trading inside the downtrend with the target at 1.2573.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still trading upwards. Today, the pair may form one more ascending structure to reach 1.0132 and then start a new correction towards 1.0108. After that, the instrument may continue growing with the target at 1.0195.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the short-term target at 110.30. Possibly, today the pair may be corrected towards 109.70 and then start another growth with the target at 110.46.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards. Possibly, the pair may be corrected to reach 0.6932 and then form a new descending structure with the target at 0.6822.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards. Today, the pair may start another correction towards 64.83 and then resume trading inside the downtrend with the short-term target at 64.17.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1280.86. Possibly, today the pair may form one more ascending structure to test this level from below. After that, the instrument may resume trading inside the downtrend with the short-term target at 1266.00.

BRENT

Brent is still moving upwards; it has broken 72.92 and may continue growing towards 74.25. Later, the market may be corrected to reach 72.20 and then resume trading inside the uptrend with the short-term target at 75.80.

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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.

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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

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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.