TRENDING:

XAU/USD

Silver

Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent

RoboForex Team RoboForex

EURUSD

The price is consolidating, trading around 1.1262. The amplification of the consolidation area up to 1.1290 is not impossible. In case the area is broken top down, a decline to 1.1240 may happen, presumably followed by further decline to 1.1200.

GBPUSD

The instrument has descended to 1.2500. The market is trading in the narrow consolidation area. In case the area is broken bottom-up, a rise to 1.2540 might follow. Conversely, if it is broken top down, a decline to 1.2400 may follow.

USDCHF

The instrument has completed the first move up and a correction. Today the market is trading to 0.9855, performing further growth. After a breakthrough of this level, potential for the rise to the first goal at 0.9890 may appear.

USDJPY

The pair is trading in the consolidation area. Growth to 108.10 looks possible. After a breakthrough of this level another rise to 108.40, then a decrease to 107.80 may follow.

AUDUSD

The instrument is trading in the consolidation area on the top of the ascending wave. However, a decline and a breakthrough of 0.7000 are possible. The first goal may be at 0.6970. What might follow is growth back to 0.7000, testing from below and resuming of the descending tend towards 0.6900.

USDRUB

The instrument has broken the consolidation area top down. What might follow is decline to 62.22, then growth to 64.22.

GOLD

Gold is trading in the consolidation area around 1411.33. Growth to 1430.00 seems probable, followed by decline to 1407.95. Then potential for further decline to 1382.00 may appear.

BRENT

Oil is consolidating, trading at the top of the matrix. A breakthrough of 66.66 top down looks possible with the first goal at 65.44. Such decline may be regarded as the beginning of a correction of the previous growth matrix.

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 stays defensive below 1.1900 as USD recovers

EUR/USD trades in negative territory for the third consecutive day, below 1.1900 in the European session on Thursday. A modest rebound in the US Dollar is weighing on the pair, despite an upbeat market mood. Traders keep an eye on the US weekly Initial Jobless Claims data for further trading impetus.

GBP/USD holds above 1.3600 after UK data dump

\GBP/USD moves little while holding above 1.3600 in the European session on Thursday, following the release of the UK Q4 preliminary GDP, which showed a 0.1% growth against a 0.2% increase expected. The UK industrial sector activity deteriorated in Decembert, keeping the downward pressure intact on the Pound Sterling.

Gold sticks to modest intraday losses as reduced March Fed rate cut bets underpin USD

Gold languishes near the lower end of its daily range heading into the European session on Thursday. The precious metal, however, lacks follow-through selling amid mixed cues and currently trades above the $5,050 level, well within striking distance of a nearly two-week low touched the previous day.

Cardano eyes short-term rebound as derivatives sentiment improves

Cardano (ADA) is trading at $0.257 at the time of writing on Thursday, after slipping more than 4% so far this week. Derivatives sentiment improves as ADA’s funding rates turn positive alongside rising long bets among traders.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Sonic Labs’ vertical integration fuels recovery in S token

Sonic, previously Fantom (FTM), is extending its recovery trade at $0.048 at the time of writing, after rebounding by over 12% the previous day. The recovery thesis’ strengths lie in the optimism surrounding Sonic Labs’ Wednesday announcement to shift to a vertically integrated model, aimed at boosting S token utility.