TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is falling to reach 1.1885. After that, the instrument may start a new growth to break 1.1950 and then continue trading upwards with the target at 1.2012.

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

GBP/USD continues falling to reach 1.3888. Later, the market may start a new correction towards 1.4000 and then resume falling with the target at 1.3800.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is still consolidating around 72.42; after expanding the range up to 72.65, it has returned to 72.42 to test it from above. Possibly, the pair may start another growth to reach 72.72 and then form a new descending structure with the target at 71.00.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still correcting towards 110.06. Later, the market may form a new descending structure with the first target at 111.44.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9120, USDCHF is consolidating below this level. Today, the pair may start a new correction to reach 0.9050 and then form one more ascending structure with the target at 0.9292.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is forming another descending structure towards 0.7500 and may later resume trading upwards with the target at 0.7626.

Brent

Brent is still correcting towards 70.90. After that, the instrument may form one more ascending structure with the short-term target at 75.55 or even reach 78.00.

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending wave at 1767.06; right now, it is consolidating above this level. Possibly, the metal may break the range to the upside and correct towards 1844.50. Later, the market may resume trading downwards with the target at 1761.70.

S&P 500

The S&P index is still consolidating around 4216.8. Today, the asset may correct downwards to reach 4166.1 and then form one more ascending structure with the target at 4303.3.

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.