TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After returning to 1.1825 and forming a new consolidation range around this level, EURUSD has completed the ascending structure at 1.1860. Possibly, the pair may correct to reach 1.1870 and then start another decline with the target at 1.1722.

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

GBPUSD continues falling towards 1.3721. Later, the market may grow to return to 1.3796 and then form a new descending structure with the target at 1.3673.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has reached the upside target at 75.00. Today, the pair may start a new decline with the first target at 73.23.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished another descending wave at 109.55. Possibly, today the pair may grow towards 110.16 and then fall to reach 109.85, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may start another correction to reach 110.77; if to the downside – resume trading downwards with the target at 107.00.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still correcting towards 0.9131. After that, the instrument may form one more ascending structure with the target at 0.9340.

AUD/USD, “Australian Dollar vs US Dollar”

After reaching the predicted downside target at 0.7411, AUDUSD is expected to consolidate around this level, If later the price breaks this range to the upside, the market may start a new correction to reach 0.7600; if to the downside – resume trading downwards with the first target at 0.7303.

Brent

After completing another descending wave at 71.74 and then forming a new consolidation range above this level, Brent is expected to grow towards 75.55. After that, the instrument may start a new decline to reach 73.60 and then form one more ascending structure with the target at 79.20.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating above 1795.80. Today, the metal may resume trading downwards with the target at 1688.29. Later, the market may form one more ascending structure towards 1800.00.

S&P 500

The S&P index has finished the descending impulse at 4288.9 along with the correction towards 4333.1. Possibly, today the asset may start a new decline with the first target at 4240.0.

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.