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 correction at 1.1815 along with another ascending structure towards 1.1880, EURUSD is still consolidating below the latter level. Possibly, the pair may fall to reach 1.1850 and then start another growth to break 1.1882. Later, the market may continue moving within the uptrend with the target at 1.1915 or even extend this structure to reach 1.2030.

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

GBP/USD is still consolidating around 1.3232. Possibly, today the pair may grow to reach 1.3290 and then start a new correction towards 1.3240. After that, the instrument may resume growing to break 1.3315 and then continue trading upwards with the target at 1.3366.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has finished the correctional wave at 76.66. Today, the pair may fall to break 75.00 and then continue trading downwards with the first target at 74.60.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the correction at 104.15 and then rebounding from this level to the downside, USDJPY continues trading downwards to reach 103.30. After that, the instrument may start another growth to reach 103.90 and then form a new descending structure with the target at 102.50.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still falling with the target at 0.9090. Later, the market may correct to reach 0.9119 and then resume falling towards 0.9065.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.7256, AUDUSD has returned to 0.7292. Today, the pair may consolidate below the latter level. If later the price breaks this range to the downside, the market may resume falling with the target at 0.7244; if to the upside – start another growth towards 0.7339.

BRENT

Brent is still consolidating around 44.24 without any particular direction. If the price breaks this range to the downside, the market may correct towards 42.40 and then resume growing with the target at 48.50; if to the upside – start another growth to break 45.45 and then continue trading upwards to reach the above-mentioned target.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1866.26. Possibly, the metal may grow towards 1875.00 and then resume moving downwards to reach 1846.66. After that, the instrument may form one more ascending wave towards 1865.00 and then start a new decline with the target at 1840.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 17800.00. If the price breaks this range to the downside, the market may correct towards 15800.00 and then resume growing with the target at 18800.00; if to the upside – start another growth to reach the above-mentioned target.

S&P 500

After completing the correction at 3580.0, the S&P index is consolidating around 3566.0. Possibly, the asset may start growing towards 3585.0 and then fall to return to 3566.0. If the price breaks this range to the downside, the market may form a new descending structure with the target at 3526.0; if to the upside – start another growth to reach 3656.8.

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.