TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing the descending wave at 1.1255, EURUSD is moving upwards to reach 1.1338. Possibly, the pair may reach it and then form a new descending structure towards 1.1300. After that, the instrument may start another growth to reach 1.1380 and then resume trading downwards with the target at 1.1225.

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

GBP/USD is moving upwards. Possibly, today the pair may reach 1.2694 and then fall towards 1.2640. Later, the market may form one more ascending structure to reach 1.2712 and then start a new decline with the target at 1.2585.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is still falling towards 70.20. Later, the market may form one more ascending structure to reach 70.90 and then start a new decline with the first target at 69.50.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has finished the ascending wave at 106.93; right now, it is falling. Possibly, the pair may form a new descending structure towards 106.55 and then start another correction to the upside with the first target at 107.17.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the descending wave at 0.9399, USDCHF is expected to continue falling towards 0.9377. After that, the instrument may grow to reach 0.9440 and then resume trading inside the downtrend to return to 0.9399.

AUD/USD, “Australian Dollar vs US Dollar”

After breaking 0.6960 to the upside, AUDUSD is still growing and may form one more ascending structure to reach 0.6994. Later, the market may start a new decline towards 0.6965 and then resume trading upwards with the target at 0.7000.

BRENT

After finishing the correction at 41.41, Brent has completed another ascending impulse towards 43.50. Today, the asset may form a new descending structure towards 42.50 and then grow to break 43.50. After that, the instrument may continue moving upwards with the short-term target at 44.55.

XAU/USD, “Gold vs US Dollar”

After falling and reaching 1794.00, Gold is correcting towards 1805.50. Later, the market may form a new descending structure with the first target at 1792.50 and then start another correction to return to 1805.50.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is consolidating around 9260.00. Today, the pair may fall towards 9060.00 and then form one more ascending structure to reach 9190.00. After that, the instrument may start a new decline with the short-term target at 8700.00.

SP 500

After breaking 3180.1 to the upside, the Index may continue growing towards 3240.5. After that, the instrument may correct to return to 3180.1 and then form one more ascending structure to reach 3300.5. Later, the market may resume trading downwards with the first target at 3100.6.

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.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.

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.