TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming a new consolidation range around 1.2033 and then breaking it to the downside, EURUSD has reached 1.1955. Possibly, today the pair may return to 1.2033 to test it from below and then start another decline with the target at 1.1955. After that, the instrument may resume trading upwards to reach 1.2111.

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

GBP/USD has finished the ascending structure at 1.4016; right now, it is falling to reach 1.3821. Later, the market may start another growth with the target at 1.4000.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is still consolidating below 73.43. Possibly, the pair may grow to reach 74.74 and then return to 73.43. Later, the market may break the latter level to the downside and continue trading downwards with the target at 72.50.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues extending the ascending wave; it has already reached 108.00. Today, the pair may consolidate close to the highs. After that, the instrument may break the range to the downside and continue trading downwards with the closest target at 106.90.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9285, USDCHF is expected to consolidate there. Later, the market may break the range to the downside and resume trading downwards with the target at 0.9140.

AUD/USD, “Australian Dollar vs US Dollar”

After forming a new consolidation range above 0.7740 and breaking it to the downside, AUDUSD is falling to reach 0.7674. After that, the instrument may form one more ascending structure to return to 0.7740 and then resume falling with the target at 0.7650.

Brent

Brent has broken 66.00 to the upside; right now, it is still growing. Possibly, the asset may reach the short-term target at 69.00 and then form a new descending structure towards 66.10. After that, the instrument may resume moving upwards with the target at 70.00.

XAU/USD, “Gold vs US Dollar”

Gold is moving downwards; it has already reached 1700.00. Possibly, today the metal may reach 1664.00 and then start a new growth towards 1740.00. Later, the market may break this level and continue growing with the first target at 1900.00.

BTC/USD, “Bitcoin vs US Dollar”

After finishing the descending wave at 47400.00, BTCUSD is consolidating around this level. If the price breaks this range to the downside, the market may start another decline with the target at 42300.00.

S&P 500

After breaking 3780.5 to the downside, the S&P index is consolidating below this level. Today, the asset may continue trading downwards with the first target at 3658.0. Later, the market may start a new growth towards 3850.0.

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.