TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has completed ascending wave at 1.2170 along with the correction towards 1.2135; right now, it is returning to break 1.2170 to the upside. Possibly, today the pair may grow to reach 1.2203 and then fall to get back to 1.2170, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the short-term target at 1.2260.

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

After finishing the ascending wave at 1.3744, GBPUSD is consolidating below this level. Possibly, the pair may fall to reach 1.3678 and form a new consolidation range there. If later the price breaks this range to the downside, the market may start a new correction with the target at 1.3624; if to the upside – resume trading upwards to reach 1.3791.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 73.30. Today, the pair may fall to break 73.00 and then continue moving within the downtrend with the short-term target at 72.20.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the descending wave at 103.40, USDJPY is consolidating above this level. Possibly, the pair may correct towards 103.73 and then start a new decline with the target at 103.03.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has finished the descending wave at 0.8859; right now, it is consolidating around this level. Possibly, today the pair may fall to reach 0.8841 and then grow towards 0.8860. Later, the market may fall to break 0.8841 and then continue trading downwards with the short-term target at 0.8802.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7740. Today, the pair may start another growth to reach 0.7792 and then form a new descending structure to return to 0.7740.

BRENT

Brent has finished the correction at 55.28. Possibly, today the asset may consolidate above this level. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 56.47; if to the upside – form one more ascending wave to reach 57.80.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1864.80. Today, the asset may fall to reach 1856.20. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1811.50; if to the upside – start another growth towards 1895.58.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the descending wave at 30000.00, BTCUSD is consolidating above this level. If later the price breaks this range to the downside, the market may resume trading within the downtrend with the target at 26000.00; if to the upside – form one more ascending structure to reach 32000.00.

S&P 500

After completing the ascending wave at 3866.7, the S&P index is correcting towards 3837.0. After that, the instrument may start another growth to reach 3875.0 and then correct towards 3812.2. Later, the market may resume trading upwards with the target at 3940.1.

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.