TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After rebounding from the support area at 1.1944, EURUSD has broken its consolidation range to the upside; right now, it is expected to continue growing towards 1.2100. Later, the market may fall to break 1.1944 and then continue trading downwards with the target at 1.1800.

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

After forming a new consolidation range around 1.3840 and breaking it to the upside, GBPUSD is expected to reach 1.4008. After that, the instrument may resume trading downwards with the target at 1.3840.

USD/RUB, “US Dollar vs Russian Ruble”

After forming a new consolidation range around 76.00, USDRUB has broken it to the upside and may later correct to reach 76.74. After that, the instrument may form a new descending structure with the target at 75.15.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 108.10. Possibly, the pair may break the range to the upside and form one more ascending structure with the target at 108.85. Later, the market may resume falling to reach 108.38.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending impulse at 10.9160 along with the correction towards 0.9134, USDCHF is expected to break this range to the upside and reach 0.9186. Later, the market may start a new decline with the target at 0.9156.

AUD/USD, “Australian Dollar vs US Dollar”

After forming a new consolidation range above 0.7700 and breaking it to the upside, AUDUSD is expected to continue the correction towards 0.78323. However, if the price falls and breaks 0.7700, the market may resume trading within the downtrend to break 0.7560. After that, the instrument may continue falling with the target at 0.7450.

Brent

Brent continues growing towards 67.40 and may later correct to reach 64.40. After that, the instrument may start a new growth with the target at 70.00.

XAU/USD, “Gold vs US Dollar”

After breaking 1762.16 to the upside, Gold is consolidating above this level. Possibly, the metal may break the range to the upside and resume trading upwards with the short-term target at 1800.00.

S&P 500

After rebounding from 4152.6, the S&P index is expected to continue growing towards 4306.4 to complete this ascending wave. After that, the instrument may form a new consolidation range below the latter level. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 4000.0.

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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.