TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is trading downwards to reach 1.0922. Later, the market may correct towards 1.0969 and then resume trading inside the downtrend with the target at 1.0840.

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

GBP/USD continues falling towards 1.2170. After that, the instrument may correct to reach 1.2222 and then continue trading downwards with the first target at 1.2100.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has extended the descending wave down to 70.70; right now, it is consolidating below this level. Today, the pair may correct towards 72.60 to test it from below and then resume trading inside the downtrend with the target at 69.44.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is moving downwards to break 107.30. After that, the instrument may continue falling with the short-term target at 106.66.

USD/CHF, “US Dollar vs Swiss Franc”

After breaking 0.9700 to the upside, USDCHF is expected to continue growing towards 0.9737. Later, the market may start a new correction to reach 0.9696 and then form one more ascending structure with the first target at 0.9750.

AUD/USD, “Australian Dollar vs US Dollar”

After reaching the downside target at 0.6533, AUDUSD is expected to consolidate above this level. If later the price breaks this range to the upside, the market may start a new correction to reach 0.6575; if to the downside – form a new descending structure with the target at 0.6478.

BRENT

Brent is correcting towards 33.33. After that, the instrument may resume trading upwards with the short-term target at 39.00 and then start another correction towards 32.50.

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1721.80, Gold is expected to form one more ascending wave to reach 1737.20 (at least). After that, the instrument may start a new decline towards 1710.10 and complete a Flag correctional pattern.

BTC/USD, “Bitcoin vs US Dollar”

After completing the correction at 8888.80, BTCUSD is expected to consolidate near the lows. If later the price breaks this range to the upside, the market may start a new growth to break 9500.00 and then continue trading upwards with the target at 10150.00; if to the downside – form a new descending structure to reach 8300.00.

SP 500

The Index is consolidating not far from the downside border. Possibly, the pair may break 2920.0 downwards and start a new correction to reach 2888.5. Later, the market may form one more ascending structure with the target at 3012.5.

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 hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.