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 ascending wave at 1.1880 along with the correction towards 1.1850, EURUSD is growing to reach 1.1900. Possibly, the pair may break this level and then continue trading upwards with the target at 1.1964. After that, the instrument may start a new correction to test 1.1900 from above and then form one more ascending structure to reach 1.2000.

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

GBP/USD is consolidating around 1.3330. If later the price breaks this range to the upside at 1.3380, the market may resume growing to reach 1.3455; if to the downside at 1.3300 – form a new descending wave with the target at 1.3250.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating above 75.65. Possibly, today the pair may fall to reach 75.00 and then start a new correction towards 75.40. After that, the instrument may resume moving downwards with the first target at 74.55.

USD/JPY, “US Dollar vs Japanese Yen”

After reaching 104.15 and then finishing the ascending wave at 104.70, USDJPY is falling to return to 104.15. Later, the market may break the latter level to the downside and then continue trading downwards with the short-term target at 103.30.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still consolidating above 0.9097. Possibly, today the pair may break this level and continue falling with the target at 0.9065. Later, the market may start another correction towards 0.9090 and then form a new descending structure to reach 0.9055.

AUD/USD, “Australian Dollar vs US Dollar”

After breaking its consolidation range to the upside at 0.7320 and then finishing the ascending structure at 0.7365, AUDUSD has returned to 0.7320 to test it from above. Today, the pair may start a new growth to reach 0.7377 and then resume falling with the target at 0.7320.

BRENT

After finishing the ascending wave at 48.55, Brent is expected to form a new consolidation range close to the highs. Later, the market may break the range to the downside and start a new correction with the first target at 45.50.

XAU/USD, “Gold vs US Dollar”

After completing the descending structure at 1807.50, Gold is forming a narrow consolidation range around this level. Possibly, the metal may start a new decline towards 1782.20 and then form one more ascending structure with the first target at 1831.38.

BTC/USD, “Bitcoin vs US Dollar”

After forming another consolidation range around 18400.00, BTCUSD has expanded it up to 19400.00; right now, it is falling to test 18400.00 from above and may later grow towards 18800.00, thus forming a new consolidation range between the two latter levels. If the price breaks this range to the downside, the market may continue the correction to reach 17300.00.

S&P 500

After finishing the ascending wave at 3656.8, the S&P index is expected to consolidate close to the highs. If later the price beaks this range to the downside, the market may resume falling with the first target at 3601.9 and then start a new correction towards 3630.0.

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.