TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD continues consolidating above 1.1761. Possibly, today the pair may expand the range down to 1.1751 and then start another correction towards 1.1846. Later, the market may form a new descending structure with the target at 1.1707.

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

After completing the ascending structure at 1.3807, GBPUSD is expected to resume falling and reach 1.3742. After that, the instrument may start another growth with the target at 1.3850.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still falling towards 75.46 and may later grow to reach 76.00, thus forming a new consolidation range around the latter level. According to the main scenario, the price may break the range to the downside and resume falling with the target at 74.50.

USD/JPY, “US Dollar vs Japanese Yen”

After forming another consolidation range, this time above 109.46, USDJPY is trading to break it to the downside. Possibly, the pair may continue moving downwards with the first target at 109.10.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is correcting towards 0.9378. Later, the market may form one more ascending structure to reach 0.9436 and then start a new decline with the target at 0.9330.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correction to test 0.7644 from below. Possibly, today the pair may fall to reach 0.7515. After that, the instrument may start a new correction to return to 0.7644 and then resume trading downwards with the target at 0.7450.

Brent

Brent is still consolidating around 63.00. Possibly, the asset may expand the range up to 65.50 to test this level from below. Later, the market may start a new correctional wave with the target at 60.00.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating above 1727.00 without any particular direction. Possibly, today the metal may form a new descending structure to expand the range down to 1711.67 and then start a new growth to reach 1776.08. Later, the market may correct to return to 1727.00 and then resume growing with the short-term target at 1813.88.

S&P 500

After breaking 3925.6 and then finishing the ascending wave at 3977.0, the S&P index is expected to correct and test 3925.6 from above. After that, the instrument may resume growing with the target at 4000.0 and then start a new correction towards 3860.0.

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.