TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1944; right now, it is trading close to the downside border. Possibly, the pair may grow to break 1.1944 and then continue trading upwards with the first target at 1.2020.

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

GBPUSD is consolidating around 1.3862. The main scenario implies that the pair may grow to break 1.4000 and then continue trading upwards with the short-term target at 1.4217.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB continues consolidating around 74.00. Possibly, today the pair may expand the range up to 74.45 and then start a new descending correction with the target at 73.50.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.77. Today, the pair may fall to reach 108.50 and then grow to return to 108.77. Later, the market may start another decline with the target at 107.55.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9260 without any particular direction. Possibly, today the pair may fall towards 0.9186 and then form one more ascending structure to reach 0.9250. After that, the instrument may break the range to the downside and resume trading downwards with the target at 0.9050.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the ascending wave at 0.7844, AUDUSD has finished the correction towards 0.7729. Possibly, today the pair may grow to break 0.7844 and then continue trading upwards with the short-term target at 0.7989.

Brent

Brent is growing to test 65.50 from below. Later, the market may resume falling to reach the first target at 60.00 and then start a new correction to the upside to return to 65.50.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1741.30. Possibly, today the metal may form one more ascending structure towards 1763.30 and then start a new correction to reach 1741.44. Later, the market may resume growing with the short-term target at 1783.96.

S&P 500

After finishing the descending wave at 3888.0, the S&P index is growing towards 3940.4 and may later form a new consolidation range there. If the price breaks this range to the upside, the market may resume growing to reach 4000.0; if to the downside – start a new correction with the target at 3777.0.

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.