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 the consolidation range above 1.1283 and broken it downwards. Today, the pair may fall to reach 1.1266 and then grow to test 1.1283 from below. After that, the instrument may resume trading inside the downtrend with the short-term target at 1.1225.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed the consolidation range above 1.2683 and broken it downwards. Possibly, today the pair may form a new descending structure towards 1.2660 and then start a new growth to test 1.2683 from below. Later, the market may resume trading inside the downtrend with the short-term target at 1.2622.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached 0.9957; right now, it is consolidating below it. Today, the pair may break this level and form one more ascending structure towards 0.9990. After that, the instrument may resume trading downwards to test 0.9960 from above and then continue trading inside the uptrend with the short-term target at 1.0056.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.52 without any particular direction. Possibly, the pair may form one more ascending structure to reach 108.80 and then resume falling towards 108.52. Later, the market may and then start another growth with the short-term target at 109.18.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still trading downwards with the short-term target at 0.6830; by now, it is has reached the predicted target at 0.6960. Possibly, the pair may start another correction towards 0.6930 and then resume trading downwards to reach the above0-mentioned target.

USDRUB, “US Dollar vs Russian Ruble”

After reaching the first upside target at 64.69, USDRUB has completed the correction at 64.53, thus forming a new consolidation range. If later the price breaks the range to the upside, the instrument may continue the correction towards 64.88; if to the downside – resume trading inside the downtrend with the short-term target at 64.20.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards; it has almost reached 1347.74. Possibly, the pair may rebound from this level and then form a new descending structure with the first target at 1334.30. Later, the market may start another growth towards 1342.60.

BRENT

Brent is trading upwards to reach 63.17. After that, the instrument may be corrected towards 61.51 and then form one more ascending structure with the short-term target at 66.00.

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.