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 descending wave at 1.1753, EURUSD is consolidating around 1.1761. If later the price breaks this range to the upside, the market may start a new correction towards 1.1800; if to the downside – resume trading within the downtrend with the target at 1.1670.

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

GBPUSD is still consolidating around 1.3791. Possibly, today the pair may expand the range up to 1.3812 and then resume falling towards 1.3750 or even reach the short-term target at 1.3737.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed another descending structure at 72.38. Today, the pair may test 72.77 from below and then form a new descending structure to reach 72.25. Later, the market may break this level and continue trading within the downtrend with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

After finishing the correction at 109.89, USDJPY is expected to fall and break 109.36. After that, the instrument may continue trading downwards with the first target at 108.85.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9260, USDCHF is consolidating around this level. Possibly, today the pair may expand the range down and up to 0.9242 and 0.9298 respectively. If later the price breaks this range to the downside, the market may start a new correction towards 0.9230; if to the upside – resume trading within the uptrend with the target at 0.9350.

AUD/USD, “Australian Dollar vs US Dollar”

After reaching the short-term downside target at 0.7281, AUDUSD is correcting towards 0.7324. Later, the market may continue falling with the target at 0.7242.

Brent

Brent is still consolidating around 75.30. Today, the asset may fall to reach 74.30 and then start a new growth with the target at 77.91.

XAU/USD, “Gold vs US Dollar”

After breaking 1780.80, Gold has completed the descending wave at 1750.00. Possibly, today the metal may form one more ascending structure towards 1765.00. Later, the market may fall to reach 1758.40 and then resume trading upwards with the target at 1771.45.

S&P 500

After forming a new consolidation range above 4462.4, the S&P index is expected to expand this range up to 4492.8. After that, the instrument may form a new descending structure to break 4440.0 and then continue falling with the short-term target at 4425.0.

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.