TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking 1.1705 to the upside, EURUSD is still growing towards 1.1755. Later, the market may form a new descending structure to break 1.1700 and then continue falling with the target at 1.1600.

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

GBPUSD is correcting towards 1.3737 and may later trade downwards to break 1.3670. After that, the instrument may continue falling within the downtrend with the target at 1.3597.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is about to finish the correction towards 74.20 and may later form a new descending impulse to break 74.00. After that, the instrument may continue trading downwards with the short-term target at 73.73.

USD/JPY, “US Dollar vs Japanese Yen”

After rebounding from 110.10 and completing the descending structure at 109.63, USDJPY is correcting upwards. Later, the market may start a new decline to break 109.45 and then continue falling within the downtrend with the target at 109.03. On the other hand, if the price grows and breaks 110.13, the market may form one more ascending structure to reach 110.77.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9126. Possibly, today the pair may break the range to the upside and reach 0.9166. After that, the instrument may start a decline towards 0.9141 and then form one more ascending structure with the target at 0.9222.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still correcting towards 0.7247. Later, the market may resume trading within the downtrend with the short-term target at 0.7070.

Brent

After breaking 67.00 and finishing the ascending wave at 69.30, Brent is consolidating around the latter level. Possibly, the asset may expand the range up to 69.59 and then correct to reach 67.10. Later, the market may start another growth with the target at 72.50.

XAU/USD, “Gold vs US Dollar”

Gold has broken 1795.55 to the upside. Possibly, today the metal may continue growing with the short-term target at 1819.00. After that, the instrument may start a new correction to reach 1770.00.

S&P 500

The S&P index continues growing towards 4494.4 and may later correct downwards to reach 4435.5. After that, the instrument may form one more ascending structure towards 4517.0 and then resume falling with the target at 4343.0.

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.