TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After reaching 1.2055, EURUSD has returned to 1.2111; right now, it is falling towards 1.2040. Earlier, the asset completed the descending wave at 1.2110, formed a narrow consolidation range, and broke it to the downside. Possibly, today the pair may extend the current correction. Later, the market may complete the correction and start a new growth to break 1.2111. After that, the instrument may continue trading upwards with the target at 1.2200.

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

After reaching 1.3666, EURUSD has returned to 1.3720; right now, it is falling towards 1.3644. Earlier, the asset completed the correctional wave at 1.3700, formed a consolidation range around this level, and broke it to the downside. Today, the pair may reach 1.3644 and then resume trading within the uptrend with the target at 1.3777.

USD/RUB, “US Dollar vs Russian Ruble”

After breaking 74.50, USDRUB is still correcting towards 76.04. After that, the instrument may form a new descending structure to return to 74.50 and then resume trading downwards with the target at 73.20.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the ascending wave at 104.35; right now, it is consolidating below this level. Possibly, the pair may expand the range up to 104.44 and then resume trading downwards to break 103.80. Later, the market may continue falling with the target at 103.22.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.8899, USDCHF is consolidating around this level. Possibly, today the pair may expand the range up to .8921 and then form a new descending structure to break 0.8860. After that, the instrument may continue trading downwards with the target at 0.8832.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.7628, AUDUSD is growing towards 0.7694. Later, the market may start another decline to reach 0.76611 and then resume trading within the uptrend with the target at 0.7690.

BRENT

Brent is still consolidating around 55.60; right now, it is trading not far from the downside border at 55.05. Today, the asset may grow to break 55.60 to the upside and then reach 56.25. However, if the price breaks 55.00 to the downside, the market may resume falling and complete the correction at 54.10. After that, the instrument may form one more ascending structure to break 56.25 and then continue trading upwards with the target at 58.60.

XAU/USD, “Gold vs US Dollar”

Gold is still falling towards 1827.33. Later, the market may start another growth to break 1850.80 and then continue trading upwards with the target at 1866.66.

BTC/USD, “Bitcoin vs US Dollar”

After completing the descending wave at 29100.00, BTCUSD is correcting towards 31800.00. Later, the market may start another decline to reach 27400.00 and then resume trading upwards with the target at 32000.00.

S&P 500

After forming a new consolidation range around 3795.0 and breaking it to the downside, the S&P index has reached the target at 3718.6; right now, it is correcting to return to 3795.0. After that, the instrument may start another decline with the target at 3700.0.

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.