TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking its consolidation range to the downside, EURUSD has reached the short-term target at 1.2020; right now, it is consolidating around the4 latter level. Later, the market may break the range to the upside and correct towards 1.20787. After that, the instrument may form a new descending structure with the target at 1.2000.

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

GBPUSD is falling to reach 1.3764 and may later consolidate there. Possibly, the pair may break the range to the downside and resume trading downwards with the short-term target at 1.3676.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 75.00. Today, the pair may break the range to the upside and correct to reach 75.75. After that, the instrument may resume trading downwards with the target at 73.00.

USD/JPY, “US Dollar vs Japanese Yen”

After forming a new consolidation range at the top and breaking it to the upside, USDJPY may choose an alternative scenario and extend this wave up to 110.00. However, the main scenario implies a further downtrend with the first target at 108.44.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still growing towards 0.9146 and may later correct to reach 0.9115. After that, the instrument may then start a new growth with the target at 0.9200.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending impulse at 0.7700, AUDUSD is consolidating around this level. If later the price breaks this range to the upside, the market may start a new correction towards 0.7777; if to the downside – resume falling with the target at 0.7600.

Brent

Brent is still correcting to reach 66.16 and may later grow towards 67.67, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may start another growth towards 69.99; if to the downside – continue the correction with the target at 64.50.

XAU/USD, “Gold vs US Dollar”

Gold has finished the correction at 1757.50; right now, it is consolidating above this level. Today, the metal may grow to break 1808.60 and then continue trading upwards with the target at 1856.00.

S&P 500

The S&P index is still falling towards 4166.6 and may later form one more ascending structure to reach 4303.0. After that, the instrument may start a new decline with the target at 4080.0.

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.