TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is still consolidating; it has expanded this range up to 1.2181 and is currently falling towards 1.2110. Later, the market may start another correction to reach 1.2145 and then resume trading downwards with the target at 1.2072.

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

GBPUSD is still consolidating at the top. Possibly, today the pair may fall to reach 1.4052 and then start a new correction towards 1.4110. Later, the market may resume falling with the target at 1.3982.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the correctional wave at 74.40. Today, the pair may continue trading within the downtrend with the target at 73.00.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.66. Possibly, the pair may start a new growth to reach 109.15 and then resume trading downwards with the target at 107.80.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending impulse at 0.9031 along with the correction towards 0.9003, USDCHF is forming one more ascending structure to reach 0.9103. After that, the instrument may start a new correction to reach 0.9051 and then resume growing with the first target at 0.9130.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.7810 and breaking this level to the downside, AUDUSD is still falling towards 0.7757. Later, the market may correct to test 0.7810 from below and then resume falling with the first target at 0.7719.

Brent

After completing another descending wave at 67.00 along with the ascending wave towards 68.30, Brent is consolidating around the later level. If later the price breaks this range to the upside, the market may resume growing to reach and the start another correction to return to 68.30. After that, the instrument may form one more ascending structure with the target at 70.00.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1831.60. Possibly, the metal may expand the range down to 1817.00 and then resume trading upwards with the short-term target at 1863.73.

S&P 500

The S&P index has reached the downside target at 4112.0. Possibly, today the asset may resume growing towards 4174.0 and then form a new descending structure with the first target at 4103.0. After that, the instrument may start another correction to return to 4174.0.

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.