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Forex Technical Analysis and 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 consolidating around 1.1062. Today, the pair may fall towards 1.1057 and then grow to break 1.1111. Later, the market may continue trading upwards with the target at 1.1200.

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"

After completing the ascending wave at 1.2500, GBPUSD is consolidating around 1.2463. Possibly, the pair may start a new correction towards 1.2407 and then form one more ascending structure with the target at 1.2530.

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 is still moving downwards to reach 0.9850. According to the main scenario, the price may reach this level and then and start another growth with the target at 0.9925.

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 is consolidating around 107.87. Today, the pair may form a new descending structure to reach 107.45 and then resume trading inside the uptrend with the target at 107.87.

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 consolidating around 0.6872. Possibly, today the pair may start another growth towards 0.6915 and then resume trading downwards to reach 0.6888. After that, the instrument may form one more ascending structure with the target at 0.6928.

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 moving downwards. Today, the pair may reach 64.40 and then resume trading upwards to reach 64.70. Later, the market may continue moving downwards with the first target at 63.50.

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 completed the correction at 1.3222. Today, the pair may form one more ascending structure towards 1.3307 and then resume falling to return to 1.3222.

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 consolidating around 1505.50. If later the price breaks this range to the downside, the instrument may resume trading downwards with the target at 1471.90; if to the upside – then start another growth to reach 1526.60.

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

BRENT

Brent has reached 68.38; right now, it is correction towards 64.73. Later, the market may resume trading inside the uptrend with the target at 69.30.

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

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD is consolidating above 10180.00. Possibly, today the pair may move downwards to reach 9850.00 and then resume growing to return to 10180.00. After that, the instrument may form a new descending structure with the target at 9800.00.

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

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.