TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After rebounding from 1.2100, EURUSD is growing to break 1.2160. Possibly, today the pair may reach 1.2200 and then correct to return to 1.2160. After that, the instrument may form one more ascending structure with the target at 1.2250.

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

GBPUSD is consolidating around 1.4137. Possibly, the pair may resume falling towards 1.4069 and then correct to return to 1.4137. Later, the market may start another decline with the target at 1.4050.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards to reach 73.00. After that, the instrument may start a new correction to the upside with the target at 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 106.10, USDJPY is consolidating below this level. Possibly, the pair may correct towards 105.6 and then resume trading upwards with the target at 106.26.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9085, USDCHF is falling towards 0.9045 and may later correct to reach 0.9060. After that, the instrument may start a new decline with the target at 0.8980.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.7955. Today, the pair may correct towards 0.7910б thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 0.7770.

BRENT

After rebounding from 64.00 and then breaking 65.20, Brent has finished another ascending structure towards 66.45. Today, the asset may correct to test 65.20 from above and then resume moving upwards with the target at 66.85.

XAU/USD, “Gold vs US Dollar”

Gold is still falling towards 1779.27 and may later start a new growth to reach 1796.85. After that, the instrument may form a new descending structure with the target at 1750.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating below 50500.00. Possibly, the asset may grow and expand the range up to 52500.00. Later, the market may form a new descending structure with the first target at 42700.00.

S&P 500

After finishing the correctional structure at 3856.0, the S&P index has broken 3897.4 to the upside; right now, it is growing to reach 3937.0. After that, the instrument may correct to test 3897.4 from above and then resume trading upwards with the target at 3973.0.

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.