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 ascending impulse at 1.1818, EURUSD is consolidating below this level. Possibly, the pair may expand the range down to 1.1793 and then start a new growth with the short-term target at 1.1833. After that, the instrument may correct towards 1.1811 and then resume trading upwards to reach 1.1850.

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

After finishing the ascending wave at 1.3850 along with the correction towards 1.3820, GBPUSD has rebounded from the latter level; right now, it is growing to return to 1.3850 and forming a new consolidation range. Possibly, today the pair may start another decline to reach 1.3822 and then resume growing with the short-term target at 1.3882. Later, the market may correct to test 1.3850 from above and then form one more ascending structure with the target at 1.3920.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending wave at 72.72. Today, the pair may consolidate around this level. If later the price breaks this range to the downside, the market may resume trading within the downtrend towards 72.44 or even reach the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the ascending structure at 110.14 along with the descending impulse towards 109.88, USDJPY has corrected to reach 110.10. Possibly, today the pair may resume falling to break 109.81 and then continue trading downwards with the short-term target at 109.64.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has finished another ascending wave at 0.9238; right now, it is forming a new consolidation range below this level. Possibly, the pair may start another decline to reach 0.9199 and then resume trading upwards with the target at 0.9250.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the correction at 0.7373, AUDUSD is forming the descending structure towards 0.7332 and may later start a new growth with the target at 0.7405.

Brent

Brent has completed the ascending wave at 74.10 along with the correction towards 73.30, thus forming a new consolidation range around these two levels. Today, the asset may grow to break 74.10 and then continue trading within the uptrend with the target at 75.50. After that, the instrument may start a new correction to return to 73.30.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1790.00. Possibly, today the asset may expand the range up to 1799.00. However, if the price falls and breaks 1785.00, the instrument may continue falling towards 1775.95. Later, the market may resume trading within the uptrend with the target at 1805.00.

S&P 500

The S&P index is still consolidating around 4478.0. Today, the asset may resume falling to reach 4425.0 and then correct to return to 4478.0. After that, the instrument may form a new descending structure with the first target at 4405.4.

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.