TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing the correction at 1.2000 along with the ascending structure towards 1.2090, EURUSD is forming a new consolidation range around the latter level. Later, the market may break the range to the downside and start another decline to reach 1.2060. After that, the instrument may form one more ascending structure with the first target at 1.2140.

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

GBP/USD is still consolidating near 1.3929. Possibly, the pair may expand the range up to 1.4000 and then complete the correction by forming a new descending structure to reach 1.3820. Later, the market may start another growth with the first target at 1.4000.

USD/RUB, “US Dollar vs Russian Ruble”

After finishing the descending structure at 73.63, USDRUB is consolidating around this level. If later the price breaks this range to the downside, the market may start another decline with the short-term target at 72.62; if to the upside – resume trading upwards to reach 75.00.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 106.60. If later the price breaks this range to the downside, the market may start another decline with the first target at 105.80; if to the upside – resume trading upwards to reach 107.00 and then form a new descending structure towards 105.00.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is falling towards 0.9130. Today, the pair may grow to reach 0.9160 and then break the range to the downside. Later, the market may start a new decline with the first target at 0.9040.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is moving upwards to reach 0.7848. After that, the instrument may start a new decline towards 0.7760 and then form one more ascending structure with the target at 0.7950.

Brent

Brent continues falling towards 62.22. Later, the market may form one more ascending structure to reach 64.00 and then resume moving downwards to complete the correction at 61.00.

XAU/USD, “Gold vs US Dollar”

Gold is correcting towards 1742.00. Possibly, the metal may reach 1700.00 and then resume growing with the first target at 1900.00.

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is still consolidating around 48400.00. Possibly, the asset may grow towards 49400.00 and then fall to break 46600.00. After that, the instrument may continue trading downwards with the target at 42700.00. However, if the price breaks 50000.00 to the upside, the market may start another growth with the target at 60000.00.

S&P 500

The S&P index is still consolidating above 3875.0. If later the price breaks this range to the upside, the market may start another growth with the target at 3950.0; if to the downside – resume trading downwards to return to 3875.0 and then form one more ascending structure towards 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.