TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is correcting towards 1.2136 and may later start another decline to reach 1.2090. After that, the instrument may correct towards 1.2145 and then resume trading downwards with the target at 1.2067.

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

GBPUSD is consolidating around 1.4111. Possibly, today the pair may continue trading downwards with the target at 1.4031 and then start another correction to reach 1.4141.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed another correctional structure at 72.30. Today, the pair may fall towards 71.30 and then consolidate around this level.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the ascending wave at 110.05; right now, it is consolidating around this level. Possibly, the pair may start a new correction to reach 109.70 and then form one more ascending structure with the target at 110.15.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.8989. Possibly, the pair may break the range to the upside and reach 0.9052. Later, the market may start a new correction to return to 0.8989 and then form one more ascending structure with the target at 0.9066.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7710. Possibly, today the pair may expand the range up to 0.7733 and then resume trading downwards with the first target at 0.7668.

Brent

After completing the ascending wave at 73.00, Brent is consolidating below it. Possibly, the asset may resume trading upwards with the short-term target at 75.55. After that, the instrument may start a new correction to reach 70.00.

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1845.00, Gold has completed the ascending impulse towards 1861.00; right now, it is consolidating below the latter level. Possibly, the metal may form one more ascending structure to reach 1881.00 and then fall to return to 1845.00. Later, the market may break the latter level and continue trading downwards with the target at 1800.00.

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.