TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has formed another consolidation range around 1.2170; right now, it is moving to break it to the upside to reach the target at 1.2260. Later, the market may return to 1.2170 and then resume trading within the uptrend with the target at 1.2282.

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

After finishing the correctional wave at 1.3642, GBPUSD is forming one more ascending structure towards 1.3727. After that, the instrument may correct to reach 1.3682 and then start another growth with the target at 1.3760.

USD/RUB, “US Dollar vs Russian Ruble”

After breaking 74.30 to the upside, USDRUB is expected to continue the correction and reach 75.52. Later, the market may fall to reach 74.20 and then form one more ascending structure with the target at 75.65.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the ascending wave at 103.86, USDJPY is falling to reach 103.66 and may form a new consolidation range around this level. Possibly, the pair may break the downside border and start a new decline with the target at 103.22.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the descending wave at 0.8835 and then returning to 0.8860, USDCHF is still consolidating and this range may be considered as a downside continuation pattern. If later the price breaks 0.8835 to the downside, the market may resume trading downwards with the short-term target at 0.8802.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the descending wave at 0.7700 and then returning to 0.7737, AUDUSD is expected to fall and reach 0.7686. After that, the instrument may start another growth to break 0.7737 and then continue trading within the uptrend with the target at 0.7792.

BRENT

After finishing the correction at 54.30, Brent has completed the ascending structure towards 55.35 to test it from below. Possibly, today the asset may resume trading downwards with the short-term target at 54.10.

XAU/USD, “Gold vs US Dollar”

After completing the descending wave at 1837.37 along with the correction towards 1855.00, Gold is expected to start another decline to reach 1834.00. Later, the market may form one more ascending structure with the target at 1850.00.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the descending wave at 31000.00, BTCUSD is growing towards 33400.00. After that, the instrument may fall to reach 32300.00 and then form one more ascending structure with the target at 34600.00.

S&P 500

The S&P index is growing towards 3862.1. Later, the market may start another decline to reach 3812.2 and then resume trading upwards with the target at 3875.0.

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.