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 correction at 1.1807 and then rebounding from this level to the downside, EURUSD is still moving downwards and this decline may be considered as the fifth wave with the target at 1.1698. After that, the instrument may form one more ascending structure to reach 1.1800.

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

After finishing the ascending wave at 1.3113 and then rebounding to the downside, GBPUSD is still moving downwards; this decline may be considered as the fifth wave with the target at 1.2993. Later, the market may resume trading upwards to reach 1.3110.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is falling to reach 72.30. Later, the market may correct towards 73.00 and then start another decline to break 71.30 and then continue trading downwards with the short-term target at 70.80.

USD/JPY, “US Dollar vs Japanese Yen”

After rebounding from 105.95, USDJPY is growing to reach 106.79. After that, the instrument may form a new descending structure to break 106.40 and then continue trading downwards with the target at 105.95.

USD/CHF, “US Dollar vs Swiss Franc”

After rebounding from 0.9106, USDCHF is growing towards 0.9222. Later, the market may form a new descending structure to test 0.9164 from above.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the descending wave at 0.7133 and then breaking this level to the downside, AUDUSD is still falling to reach 0.7070. After that, the instrument may resume trading upwards with the target at 0.7133.

BRENT

After reaching 45.98 and then completing the correction at 44.67, Brent is expected to move upwards and break 45.45. Later, the market may continue growing with the target at 46.90.

XAU/USD, “Gold vs US Dollar”

After completing the descending wave at 1995.30 and then forming a new consolidation range around this level, Gold has broken 1980.00 downwards to form a downside continuation pattern and reach the target at 1915.00; right now, it is consolidating below the latter level. Possibly, the pair may start another growth to break 1928.50 and then continue trading upwards as a correction with the target at 1960.60.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the descending wave at 11400.00, BTCUSD is trading to break this level downwards. Possibly, the asset may reach 10900.00 and then return to test 11400.00 from below. After that, the instrument may start a new decline towards 10760.00 and then form one more ascending structure to return to 11400.00 once again.

S&P 500

After breaking 3354.8 to the downside, the S&P index is expected to reach 3324.0 and then return to 3354.8 to test it from below. However, if the price falls and breaks 3323.3 to the downside, the market may continue trading downwards with the first target at 3237.6.

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.