TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is forming the fifth ascending wave with the target at 1.2011; right now, it is consolidating around 1.1966. Possibly, the pair may fall to test 1.1944 from above and then grow towards 1.1995. After that, the instrument may correct to return to 1.1933 and then resume trading upwards with the above-mentioned target.

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

GBPUSD is forming the fifth ascending wave with the target at 1.4055. Possibly, after breaking 1.3929 and then reaching 1.3977, the asset is falling to test 1.3935 from above and may later resume growing towards 1.4917. After that, the instrument may correct to return to 1.3935 and then start another growth to reach the above-mentioned target.

USD/RUB, “US Dollar vs Russian Ruble”

After rebounding from 72.55 and then completing the correction at 73.90, USDRUB is expected to start a new decline to break 73.13. Later, the market may continue falling with the target at 72.32.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed the correction towards 108.61. Today, the pair may grow to break 109.03 and then continue trading upwards to reach 109.45. After that, the instrument may form a new descending wave with the target at 107.85.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9252 to the downside. Possibly, the pair may continue falling to reach 0.9186 and then form one more ascending structure with the target at 0.9276.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD continues trading towards 0.7860. Later, the market may correct downwards with the target at 0.7750.

Brent

Brent is forming a wide consolidation range around 67.77. If later the price breaks this range to the upside, the market may start a new growth to reach 69.00; if to the downside – continue the correction with the target at 65.00.

XAU/USD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1755.10. Possibly, today the metal may correct towards 1727.47 and then form one more ascending structure to break 1777.70. Later, the market may continue growing with the target at 1900.00.

S&P 500

The S&P index is growing towards 4000.0 and may later start a new correction to reach 3861.8. After that, the instrument may resume moving upwards with the target at 4126.0.

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.