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 consolidating around 1.1755; after expanding the range up to 1.1800, it has returned to 1.1755. Possibly, the pair may rebound from this level to the upside again and then expand the range up to 1.1822 to complete this ascending wave. Later, the market may resume trading downwards with the first target at 1.1700.

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

GBP/USD is consolidating around 1.2965; after expanding the range up to 1.3000, it has returned to 1.2965. Today, the pair may form one more ascending structure towards 1.3016 to complete this wave. After that, the instrument may start a new decline with the first target at 1.2900.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is moving around 72.55. Possibly, today the pair may grow towards 72.80 and finish this ascending wave. Later, the market may form a new descending structure with the first target at 71.60.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the descending structure at 104.80 and then returning to 105.00, USDJPY has formed another consolidation range around the latter level; right now, it is moving not far from its upside border. Possibly, the pair may expand the range down to 104.66 and then start a new growth to reach 105.30. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 105.66 or even 106.20.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is consolidating around 0.9147. Today, the pair may start another decline to reach 0.9100 and then resume trading upwards to break 0.9177. After that, the instrument may continue growing with the target at 0.9220.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is consolidating around 0.7155. Possibly, the pair may expand the range up to 0.7222 and then start a new decline to break 0.7070. After that, the instrument may continue trading downwards with the target at 0.7000.

BRENT

Brent is forming another ascending impulse towards 44.30. Possibly, today the pair may break this level to the upside and then continue trading upwards with the target at 45.20. Later, the market may correct to reach 44.40 and then resume trading upwards with the short-term target at 45.80.

XAU/USD, “Gold vs US Dollar”

After completing another ascending wave at 1980.40, Gold is moving downwards to reach 1941.30 and may later reach 1960.50, thus forming a new consolidation range around 1941.30. if the price breaks this range to the downside, the instrument may form a new descending structure with the target at 1900.90 and then start another growth to return to 1941.30.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 11000.00. Possibly, the asset may fall to break 10700.00 and then continue trading downwards with the short-term target at 10000.00. Later, the market may form one more ascending structure to return to 10700.00.

S&P 500

After forming one more ascending structure at 3264.8, the S&P 500 Index is falling to break 3222.2. After that, the instrument may continue trading downwards with the short-term target at 3135.2.

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.