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 1.1864, EURUSD is falling to reach 1.1818 and may later form one more ascending structure towards 1.1839. After that, the instrument may resume trading downwards to break 1.1772 and then continue falling with the target at 1.1688.

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

GBPUSD is falling towards 1.2989. Possibly, today the pair may reach this level and then start another growth towards 1.3070. After that, the instrument may resume falling with the short-term target at 1.2900. If later the price breaks this level, the market may continue trading within the downtrend to reach 1.2840.

USD/RUB, “US Dollar vs Russian Ruble”

After completing the descending wave at 75.12, USDRUB is consolidating above this level. Possibly, the pair may expand the range up to 76.00 and then start a new correction to reach 77.00. If later the price breaks the latter level, the instrument may continue the correction to test 78.20 from below.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still correcting towards 105.02. Today, the pair may reach this level and then resume moving downwards with the first target at 103.84. The key downside target is at 102.50.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating above 0.9030. Possibly, the pair may expand the range down to 0.9024 and then form one more ascending structure to break 0.9090. Later, the market may continue trading within the uptrend with the target at 0.9165.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still falling towards 0.7092 and may later correct to reach 0.7125. After that, the instrument may resume moving within the downtrend with the target at 0.7050 or even 0.7020.

BRENT

After completing the descending wave at 41.50. Brent is expected to consolidate around this level. If later the price breaks this range to the upside, the market may start another growth towards 42.85; if to the downside – continue the correction with the target at 39.50.

XAU/USD, “Gold vs US Dollar”

After finishing the descending structure at 1893.10 along with the correction towards 1924.20, Gold is falling to break 1893.50. According to the main scenario, the price is expected to continue trading within the downtrend with the short-term target at 1872.02. After that, the instrument may correct to test 1893.00 from below and then resume moving within the downtrend with the target at 1854.15.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the ascending structure at 13300.00 along with the descending impulse towards 12840.00, BTCUSD is expected to consolidate between these two levels. If the price breaks the latter level to the downside, the market may continue falling towards 12500.00 or even 12300.00. However, if the pair grows and breaks 13300.00, the instrument may resume trading within the uptrend with the target at 13700.00 and then start a new decline to reach 12500.

SP 500

After completing the ascending wave at 3470.9, the S&P index is falling to break 3434.8 and may later continue trading downwards with the target at 3376.4. And that’s just a half of another descending wave. The main scenario implies that the price may continue falling to reach 3214.5.

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.