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 instrument is trading in yet another declining wave. At the moment the market has formed a pattern of trend continuation around 1.1225, and upon breaking it downwards it practically opened a pathway towards 1.1180. Growth to 1.1225, then a decline to 1.1175 may follow.

GBPUSD

The instrument has returned to 1.2477. At the moment the market is trading a correction to this decline. Growth towards 1.2525 is also not excluded, after which a decline to 1.2453 may follow.

USDCHF

The pair is trading towards 0.9850, which may be followed by a decline to 0.9825. Upon escaping this area, potential for growth to 0.9910 may appear. A decline to 0.9800 may not be excluded either, followed by growth to 1.0000. The goal is first.

USDJPY

The pair is trading in the consolidation range on the top of the fourth wave. The main scenario may consist of declining to 106.61. Today we may consider the first structure of this decline with the goal at 107.35, followed by growth to 107.70.

AUDUSD

The pair is trading in the declining structure to 0.7033. Growth towards 0.7055, followed by a decline to 0.6995 (the goal is first) should not be excluded.

USDRUB

The pair is trading in a correction to 63.31. Then it may decline to 62.30; then growth to 63.30, and then a decline 62.22 may follow. The goal is local.

GOLD

Gold has realized the first impulse for decline. Today we shall consider correction to 1440.00, then a decline to 1385.05. The goal is local.

BRENT

Oil is trading under pressure for growth. The aim is at 64.35. Upon reaching it another decline to 61.18, followed by growth to 64.35, is not excluded. Practically, we are considering a possibility of development of a wide consolidation range on the minimums. Upon going upwards, potential for growth to 69.45 may appear. The goal is first.

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.