TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After reaching its predicted downside target at 1.2000, EURUSD is forming a new consolidation range above this level. Possibly, the pair may expand the range down to 1.1990 and then start one more correction with the target at 1.2080.

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

GBP/USD is consolidating around 1.3880. Possibly, today the pair may expand the range up to 1.3933 and resume trading downwards to reach 1.3750. Later, the market may break this level and continue falling with the target at 1.3696.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is still consolidating around 75.00. Today, the pair may fall to break 74.40. After that, the instrument may continue trading downwards with the short-term target at 73.30.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 109.29. Possibly, the pair may form one more ascending structure towards 109.56 and then start a new decline to reach 109.30. Later, the market may resume growing with the target at 109.80.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still growing towards 0.9168 and may later correct to reach 0.9115. After that, the instrument may then form one more ascending structure with the target at 0.9216.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7717. Possibly, today the pair may fall to reach 0.7623. Later, the market may start a new correction to return to 0.7717 and then resume falling with the target at 0.7600.

Brent

After completing the ascending wave at 69.50, Brent is correcting to reach 68.00 and may later resume growing to reach 70.14. Later, the market may start another correction to return to 68.00 and then resume trading upwards with the target at 72.00.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1781.00. Possibly, the metal may fall towards 1767.25. Later, the market may form one more ascending structure to break 1805.70 and then continue trading upwards with the target at 1900.00.

S&P 500

After completing the correction at 4130.0, the S&P index has returned to 4165.5, thus continuing the consolidation range around the latter level. If later the price breaks this range to the upside, the market may start a new growth with the target at 4309.0; if to the downside – correct towards 4080.0 and then resume trading upwards to reach the above-mentioned target.

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.