TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking 1.1900 and forming a downside continuation pattern there, EURUSD has completed another descending structure at 1.1850; right now, it is consolidating above the latter level. Possibly, the pair may grow to test 1.1900 from below and then resume trading downwards with the target at 1.1830.

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

After forming the consolidation range around 1.3850 and breaking it to the downside, GBPUSD is falling to reach 1.3700. After that, the instrument may form another consolidation range above this level. If later the price breaks this range to the downside, the market may grow to return to 1.3850 and then resume falling with the target at 1.3777.

USD/RUB, “US Dollar vs Russian Ruble”

After breaking the consolidation range to the upside, USDRUB is expected to continue trading upwards and reach 76.56. After that, the instrument may start a new correction with the target at 74.50.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still falling towards 108.29. Later, the market may correct to reach 108.80 and then start another decline with the target at 107.60.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9278. Today, the pair may expand the range up to 0.9356 and then resume trading downwards with the target at 0.9155.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7733 to the downside. Possibly, today the pair may continue falling towards 0.7452 and then resume trading upwards to return to 0.7733.

Brent

After breaking 62.52, Brent is expected to continue falling with the first target at 60.00. After that, the instrument may form one more ascending structure towards 65.50.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1727.00. Possibly, today the metal may form a new descending structure towards 1711.67 and then start a new growth to reach 1756.30. Later, the market may correct to return to 1717.00 and then resume growing with the short-term target at 1813.88.

S&P 500

The S&P index is still consolidating around 3925.6. Possibly, the asset may break the range to the upside and reach 4000.0. After that, the instrument may correct towards 3861.1 and then resume growing with the target at 4160.0.

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.