TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking the ascending channel at 1.1973, EURUSD has reached the target at 1.1955; right now, it is growing towards 1.1967. Later, the market may fall to reach 1.1933 and then form one more ascending structure to return to 1.1967.

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

GBP/USD has completed the ascending wave at 1.3830; right now, it is still moving upwards. Possibly, today the pair may reach 1.3869 and then resume trading downwards with the target at 1.3750.

USD/RUB, “US Dollar vs Russian Ruble”

After finishing the descending wave at 75.30, USDRUB is expected to grow towards 76.66. After that, the instrument may form a new descending structure with the short-term target at 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After reaching its predicted downside target at 108.55, USDJPY is growing towards 109.15 and may later fall to reach 108.74, thus forming a new consolidation range between the two latter levels. After that, the instrument may break the range to the upside and form one more ascending structure with the target at 109.80.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is moving upwards to reach 0.9223. Later, the market may start a new decline with the target at 0.9166 and then resume growing to return to 0.9223.

AU/DUSD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating at the top not far from 0.7727. Possibly, the pair may break the range to the downside and form a new descending structure with the first target at 0.7600. The key downside target is at 0.7454. After that, the instrument may resume trading upwards to reach 0.7850.

Brent

After finishing the ascending wave at 67.07, Brent is correcting. Today, the asset may complete the correction by testing 65.50 from above and then grow with the target at 67.40.

XAU/USD, “Gold vs US Dollar”

Gold continues growing towards 1787.74. After that, the instrument may correct to reach 1762.16 and then resume trading upwards with the short-term target at 1810.50.

S&P 500

The S&P index is still moving upwards. Possibly, the asset may extend this structure up to 4221.0 and then start a new correction towards 4152.6. Later, the market may form one more ascending structure with the target at 4303.3.

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.