TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After expanding the consolidation range down to 1.2053, EURUSD is moving upwards to reach 1.2137. Later, the market may start a new decline towards 1.2100 and then resume growing with the short-term target at 1.2181.

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

After completing the descending wave at 1.3520, GBPUSD is growing to reach 1.3626. After that, the instrument may form a new descending structure towards 1.3580 and then start another growth with the target at 1.3666.

USD/RUB, “US Dollar vs Russian Ruble”

After forming another consolidation range around 73.73 and breaking it to the upside, USDRUB has reached 74.40. Possibly, today the pair may form a new descending structure to break 73.70 and then continue moving within the downtrend with the target at 73.00.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 103.75. Today, the pair may grow to reach 103.95 and then resume falling to break 103.75. After that, the instrument may continue trading downwards with the target at 103.44 and then form one more ascending structure to reach 104.60.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is forming a new descending structure towards 0.8894 and may later start another correction to reach 0.8910. After that, the instrument may resume trading downwards with the first target at 0.8875.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the descending wave at 0.7660, AUDUSD is growing towards 0.7742. Later, the market may consolidate below the latter level and then expand this range up to 0.7777. After that, the instrument may resume trading downwards with the target at 0.7666.

BRENT

Brent is still consolidating below 55.20. Possibly, the asset may expand the range down to 54.34 and then start a new growth to break 56.00. After that, the instrument may continue trading upwards with the target at 58.50.

XAU/USD, “Gold vs US Dollar”

After returning to 1834.00, Gold is still consolidating around this level. Possibly, the4 metal may expand the range up to 1863.50 and then form a new descending structure with the target at 1790.00.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the ascending wave at 37000.00, BTCUSD is forming a new consolidation range below this level. If the price breaks the range to the downside, the market may resume trading downwards with the short-term target at 32800.00; if to the upside – form one more ascending structure to reach 40500.00.

S&P 500

After forming a new consolidation range around 3778.5, the S&P index is trying to expand it to the upside and may reach 3806.1 After that, the instrument may resume trading downwards to break 3778.5 and then continue falling with the first target at 3737.2.

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.