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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 has rebounded from 1.1106 to the downside. Possibly, the pair may break 1.1090 and then continue trading downwards to reach 1.1060. After that, the instrument may be corrected to return to 1.1090 and then resume trading inside the downtrend with the target at 1.1019.

GBP/USD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.2128. Possibly, today the pair may break the low of this range at 1.2117. The target is at 1.2080.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has completed the ascending correction at 0.9824; right now, it is consolidating at the top of this structure. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 0.9850; it to the downside – start a new correction to reach 0.9800.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating above 106.40. According to the main scenario, the pair is expected to continue trading inside the uptrend with the first target at 106.80. An alternative scenario implies that the price may break 106.35 and then continue the correction towards 106.20. Later, the market may form one more ascending structure to reach the above-mentioned target.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has rebounded from 0.6795 for the fourth time. Possibly, the price may form another decline towards the downside border at 0.6747 and then continue trading inside the uptrend with the target at 0.6800.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the pair may reach 65.50 and then grow towards 65.90. After that, the instrument may start a new decline with the first target at 65.40.

USD/CAD, “US Dollar vs Canadian Dollar”

After breaking 1.3313 to the downside and reaching the target at 1.3255, USDCAD has returned to 1.3313. Possibly, today the pair may fall to reach 1.3283. After that, the instrument may return to 1.3313, break it to the upside, and then continue trading inside the uptrend with the target at 1.3333.

XAU/USD, “Gold vs US Dollar”

After making several attempts to grow, Gold has rebounded 1505.65. Possibly, today the pair may fall to reach 1483.40 and then start another growth to return to 1505.65. Later, the market may form a new descending structure with the target at 1476.57.

BRENT

Brent has reached the upside target at 61.40; right now. Is forming a new correction towards 59.65. After that, the instrument may resume trading inside the uptrend with the target at 62.44.

BTC/USD, “Bitcoin vs US Dollar”

After reaching the downside target at 10140.00 and forming a downside continuation pattern, BTCUSD has broken 10000.00; right now, it is still moving downwards. Possibly, today the pair may start a new correction to return to 10140.00. Later, the market may form a new descending structure to reach 9500.00. The key target is at 9400.00.

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 tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited

Gold attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels. The commodity slides back below the $5,000 psychological mark during the Asian session, though the downside potential seems limited amid a combination of supporting factors.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

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.