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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 reached the predicted short-term target of the third descending wave. Today, the pair may be corrected to reach 1.1230 or even 1.1260 and then resume trading downwards with the short-term target at 1.1180.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the short-term of the third descending wave. Possibly, today the pair may start a new correction towards 1.2600 or even 1.2640. Later, the market may resume trading inside the downtrend with the short-term target at 1.2530.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9957; right now, it is still trading upwards inside the third ascending wave. Today, the pair may test this level from above. After that, the instrument may form one more ascending structure with the short-term target at 1.0056.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 108.52 upwards; right now, it is still forming the third ascending wave with the target at 109.16. Later, the market may start another decline to reach 108.52.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still trading downwards with the target at 0.6830. Possibly, today the pair may be corrected towards 0.6898 or even 0.6925. After that, the instrument may resume trading downwards with the short-term target at 0.6830.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the predicted downside target. Today, the pair may start another correction towards 64.37 or even 64.69. Later, the market may form a new descending structure with the target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has completed the first descending impulse; right now, it is being corrected towards 1348.75. After that, the instrument may form the second impulse to reach the predicted short-term target at 1323.25.

BRENT

Brent has broken 62.11 and may continue growing with the first target at 63.22. Later, the market may be corrected towards 61.60 and then form one more ascending structure with the short-term target at 66.40.

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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.