TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After finishing the descending impulse at 1.1700, EURUSD is correcting towards 1.1800. After that, the instrument may form a new descending structure to break 1.1700 and then continue trading downwards with the short-term target at 1.1588.

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

After reaching 1.3000, GBPUSD has finished the correction towards 1.3084. Today, the pair may fall to return to 1.3000 and break it to the downside. Later, the market may continue moving downwards with the short-term target at 1.2875.

USD/RUB, “US Dollar vs Russian Ruble”

After completing the ascending wave at 74.44, USDRUB is expected to form a new descending structure towards 72.60. After that, the instrument may start another growth to reach 73.64 and then resume falling to break 73.13. Later, the market may continue trading downwards with the target at 71.15.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 105.80. Possibly, the pair may fall to reach 105.00 and then resume trading upwards to break 106.40. After that, the instrument may continue growing with the target at 107.40.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed the ascending impulse at 0.9240; right now, it is correcting towards 0.9147. Later, the market may resume trading upwards to break 0.9240 and then continue growing with the target at 0.9333.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the descending structure at 0.7076, AUDUSD is growing to reach 0.7150. After that, the instrument may start a new decline to break 0.7075 and then continue trading downwards with the target at 0.7000.

BRENT

After breaking 43.70 and then reaching 44.44, Brent is falling to test the former level from above. Later, the market may continue trading upwards to reach 45.55 or even 46.46.

XAU/USD, “Gold vs US Dollar”

After completing the ascending wave at 1975.50, Gold is consolidating below this level. Possibly, the pair may fall to break 1960.00 and then continue trading downwards with the target at 1933.33. However, if the price grows and breaks 1977.00 to the upside, the instrument may start a new growth to reach 1990.50 or even 2012.20.

BTC/USD, “Bitcoin vs US Dollar”

After completing the correction at 11400.00, BTCUSD is expected to fall towards 10880.00 and break it. After that, the instrument may continue the correction to reach 10500.00 or even 9533.00.

S&P 500

After breaking 3285.2 and then reaching 3305.5, the S&P index is expected to return to 3285.2 and test it from above. Later, the market may resume moving upwards with the short-term target at 3345.1.

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.