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 waveу at 1.1844 and rebounding from this level, EURUSD is falling towards 1.1780 and may later start a new growth to reach 1.1812. In fact, the pair is expected to consolidate around the latter level.

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

After finishing the ascending wave at 1.3910 and then rebounding from this level, GBPUSD is forming a new descending structure with the target at 1.3735 and has already reached 1.3792. Possibly, today the pair may start another correction to reach 1.3823 and then resume falling towards the above-mentioned target. Later, the market may form one more ascending structure towards 1.3792.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending wave at 72.55 along with the correction towards 72.90. Today, the pair may form a new descending structure to reach 72.25 and start another growth towards 72.80. Later, the market may resume trading within the downtrend with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

After rebounding from 110.14, USDJPY is still falling and has already reached 109.63; right now, it is consolidating around the latter level. Possibly, the pair may break the range to the downside and resume trading downwards with the short-term target at 109.06.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still correcting towards 0.9170. Possibly, today the pair may reach this level and start another growth to break 0.9205. After that, the instrument may continue trading upwards with the target at 0.9250.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.7324, AUDUSD is consolidating around this level. Today, the pair may break the range to the downside and resume falling towards 0.7281. Later, the market may correct to return to 0.7324 and then start a new decline with the target at 0.7242.

Brent

Brent has completed the ascending wave at 74.41 along with the correction towards 73.30, thus forming a new consolidation range around these two levels. Today, the asset may grow to break 74.40 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 and then form one more ascending wave to reach 78.00.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating below 1807.98. Possibly, today the asset may fall to test 1798.25 from above and then form one more ascending structure towards 1818.64. Later, the market may fall to break 1798.25 and then continue trading within the downtrend with the target at 1775.95.

S&P 500

The S&P index is falling towards 4425.0 and may later correct to test 4478.0 from below. 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.

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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.