TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing the descending structure at 1.2093, EURUSD is consolidating above this level. Today, the pair may expand the range down to 1.2090 and then start another correction to reach 1.2140. Later, the market may resume trading downwards with the target at 1.2067.

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

After finishing the descending wave at 1.4111, GBPUSD is consolidating around this level. Possibly, the pair may continue trading downwards with the first target at 1.4031 and then start another correction to reach 1.4141.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed another descending wave at 71.55. Possibly, today the pair may correct towards 72.30 and then resume falling with the target at 71.07.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is growing towards 109.96. After that, the instrument may start a new correction to reach 109.65 and then form one more ascending structure with the short-term target at 110.15.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is trading close to the upside border of its consolidation range. Possibly, the pair may break the range to the upside and reach the target at 0.9055. Later, the market may start a new correction to reach 0.8970.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished another descending structure at 0.7688; right now, it is consolidating above this level. Possibly, today the pair may correct to reach 0.7740 and ten resume trading downwards with the target at 0.7680.

Brent

Brent is still growing to break 73.0 and may later continue trading upwards with the target at 75.55. After that, the instrument may start a new correction to reach the first target at 70.00.

XAU/USD, “Gold vs US Dollar”

After rebounding from 1902.90, Gold is still falling with the first target at 1845.00. Later, the market may start a new correction to reach 1875.05.

S&P 500

The S&P index is still growing with the short-term target at 4275.1. After that, the instrument may correct downwards to reach 4166.0 and then form one more ascending structure with the target at 4303.0.

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.