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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 forming the first descending impulse. Possibly, today the pair may reach 1.1122 and then grow to return to 1.1155, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 1.1077.

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

GBPUSD is consolidating above 1.2953. Possibly, the pair may expand the range towards 1,3025 and then fall to reach 1.2915 to form a reversal pattern between these two levels. Later, the market may resume moving inside the downtrend with the target at 1.2770.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is forming the second ascending impulse towards 0.9880. After that, the instrument may fall to reach 0.9860 and then start a new growth with the target at 0.9900.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 108.55 without any particular direction. According to the main scenario, the price is expected to continue falling towards 108.21 and then resume moving upwards with the target at 108.55.

AUD/USD, “Australian Dollar vs US Dollar”

After extending the wave towards 0.6880, AUDUSD has formed the consolidation range above 0.6860. the main scenario implies that the price may continue falling with the first target at 0.6830.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has reached 63.63. Today, the pair may start a new growth to reach 64.04. Later, the market may continue trading inside the downtrend with the target at 63.33.

USD/CAD, “US Dollar vs Canadian Dollar”

After forming the consolidation range around 1,3131, USDCAD has broken it to the downside. Possibly, the pair may fall to reach 1.3057 and then form one more ascending structure with the target at 1.3200.

XAU/USD, “Gold vs US Dollar”

Gold has reached 1483.70; right now. it is consolidating. Possibly, the pair may continue trading inside the downtrend with the predicted target at 1472.44.

BRENT

Brent is moving upwards to reach 59.40. Later, the market may start another correction towards 58.85 and then resume trading upwards with the first target at 60.50.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is forming the descending structure with the target at 8085.00 After that, the instrument may resume growing towards 8400.00 and then start a new correction to return to 8085.00.

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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 keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD flirts with daily lows near 1.3630

GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.

Gold battle around $5,000 continues

Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.