TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming another consolidation range around 1.1904, EURUSD is growing to reach 1.1974. After that, the instrument may start a new correction to return to 1.1904 and then form one more ascending structure with the target at 1.2017.

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

After breaking 1.3364 to the upside, GBPUSD is expected to continue growing towards 1.3425. Later, the market may start a new correction to return to 1.3364 and then resume trading upwards with the target at 1.3455.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 75.60 without any particular direction. 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”

USD/JPY is still falling to break 104.00. Later, the market may continue trading downwards to reach 103.30 and then start another correction to return to 104.00. After that, the instrument may form a new descending wave with the target at 102.50.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still falling to reach 0.9060. Later, the market may start another correction towards 0.9090 and then form a new descending structure with the target at 0.9050.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is growing towards 0.7387 and may later correct to reach 0.7320. After that, the instrument may start a new growth with the target at 0.7400.

BRENT

Brent is still consolidating around 48.50. Possibly, today the asset may expand the range up to 49.94 and then start a new correction with the first target at 47.11.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1807.50. Possibly, the metal may expand the range down to 1785.40 and then form one more ascending structure with the target at 1831.40.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is falling to break 18400.00 to the downside. After that, the instrument may continue trading downwards to reach 17500.00 or even 17200.00. Later, the market may return to 18400.00 to test it from below and then resume with the short-term target at 15800.00.

S&P 500

After finishing the descending wave at 3618.8 along with the correction towards 3638.7, the S&P index is expected to consolidate between these two levels. 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; if to the upside – form one more ascending structure towards 3662.2 and then move downwards to reach 3600.0.

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.