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 1.1698, EURUSD is consolidating above this level. Possibly, the pair may expand the range up to 1.1717 and then down to 1.1678. If later the price breaks this range to the upside, the market may start a new correction with the target at 1.1760; if to the downside – resume trading downwards to reach 1.1600.

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

After finishing the descending structure at 1.2960 and breaking this level to the downside, GBPUSD continues falling to reach 1.2848. After that, the instrument may correct towards 1.2960 and then form a new descending structure with the first target at 1.2830.

USD/RUB, “US Dollar vs Russian Ruble”

After completing the ascending correctional structure at 78.28, USDRUB is expected to break this correctional channel to the downside and resume trading downwards with the first target at 76.40.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating above 105.00. Possibly, the pair may correct and expand the range up to 105.55 and then fall to return to 105.00. After that, the instrument may break the later level and continue moving downwards with the short-term target at 104.40.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9140. Possibly, today the pair may expand the range up to 0.9170 and then start a new correction to reach 0.9127. Later, the market may form one more ascending structure with the target at 0.9225.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still falling towards 0.7052. Today, the pair may reach this level and then consolidate around it. If later the price breaks this range to the upside, the market may correct with the target at 0.7140.

BRENT

Brent is still consolidating around 42.60. Possibly, the asset may fall towards 41.50 and then form one more ascending structure to reach 44.22, at least. Later, the market may correct to return to 41.50 and then resume growing with the target at 46.50.

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1890.50, Gold has returned to 1905.50; right now, it is consolidating around the latter level. If later the price breaks this range to the upside, the market may continue the correction with the target at 1919.19 and then resume trading downwards to reach 1880.00.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is still consolidating around 11400.00 without any particular direction. According to the main scenario, the price is expected to fall towards 11111.00. Later, the market may correct to test 11400.00 from below and then resume falling with the target at 10900.00.

S&P 500

After finishing the descending wave at 3447.5 and almost eliminating the gap, the S&P index has completed the ascending structure towards 3500.0. Possibly, today the asset may reach 3506.6 and then start a new decline with the target at 3440.0. After that, the instrument may form one more ascending structure to reach 3580.0.

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.