Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside the downtrend with the target at 1.1238.

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

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Possibly, today the pair may grow to reach 1.2765 and then continue the downtrend towards 1.2600.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming another descending structure with the target at 0.9907. Later, the market may grow towards 0.9988 and then start a new correction to reach 0.9945. After that, the instrument may resume growing towards 1.0060.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still being corrected. Today, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend towards 109.72. the short-term target is at 107.40.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has returned to 0.7273 to test it from below. Today, the price may continue falling inside the downtrend to reach 0.7178.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the first descending wave; right now, it is being corrected with the target at 67.80. Later, the market may form the second impulse to break 65.95 and then continue falling inside the downtrend with the short-term target at 64.00.

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

XAUUSD, “Gold vs US Dollar”

Gold has reached the short-term target at 1160.00 and may consolidate near the lows. Possibly, today the pair may grow towards 1180.00 and then fall to reach 1169.00, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction towards 1197.00; if to the downside – start another decline with the target at 1150.00.

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

BRENT

Brent has completed another descending structure. Today, the pair may grow towards 72.98 and then start a new correction to reach 71.56. Later, the market may resume trading upwards with the first target at 77.00.

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 climbs to daily highs on US CPI

EUR/USD now accelerates it rebound and flirts with the 1.1880 zone on Friday, or daily highs, all in response to renewed selling pressure on the US Dollar. In the meantime, US inflation figures showed the headline CPI rose less than expected in January, removing some tailwinds from the Greenback’s momentum.

GBP/USD clings to gains above 1.3600

GBP/USD reverses three consecutive daily pullbacks on Friday, hovering around the low-1.3600s on the back of the vacillating performance of the Greenback in the wake of the release of US CPI prints in January. Earlier in the day, the BoE’s Pill suggested that UK inflation could settle around 2.5%, above the bank’s goal.

Gold: Upside remains capped by $5,000

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