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Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD

RoboForex Team RoboForex

EUR/USD, "Euro vs US Dollar"

EURUSD is forming another descending wave. Possibly, the price may reach 1.1066 and then grow towards 1.1090. Later, the market may start a new decline with the target at 1.1044.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBP/USD, "Great Britain Pound vs US Dollar"

GBPUSD is forming the first descending wave with the target at 1.2099. After that, the instrument may form one more ascending structure to reach 1.2137 and then continue trading inside the downtrend towards 1.2070.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/CHF, "US Dollar vs Swiss Franc"

USDCHF has broken 0.9800; right now, it is consolidating above this level. According to the main scenario, the price may continue trading inside the uptrend with the target at 0.9850. After that, the instrument may start another correction to reach 0.9770.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/JPY, "US Dollar vs Japanese Yen"

USDJPY continues growing. Today, the pair may reach 107.07 and then start another correction towards 106.35. Later, the instrument may continue trading inside the uptrend with the target at 108.20.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUD/USD, "Australian Dollar vs US Dollar"

AUDUSD is moving upwards to break 0.6808. Later, the market may continue trading inside the uptrend with the target at 0.6880.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/RUB, "US Dollar vs Russian Ruble"

USDRUB is forming a narrow consolidation range around 66.86. Today, the pair may resume falling with the first target at 66.43.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/CAD, "US Dollar vs Canadian Dollar"

USDCAD has finished another ascending impulse at 1.3333. Possibly, today the price may be corrected towards 1.3292 and then start a new growth to reach 1.3377.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAU/USD, "Gold vs US Dollar"

Gold is moving downwards to reach 1483.20. After that, the instrument may resume growing towards 1505.80 and then start another decline with the first target at 1476.30.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is consolidating and forming Triangle pattern at the lows. Today, the price may grow to break 60.00 and then continue trading inside the uptrend with the target at 62.44.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD has reached the upside target at 10750.00; right now, it is forming a narrow consolidation range around it. According to the main scenario, the price is expected to form a new descending structure towards with the first target at 10114.00.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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.