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 structure at 1.1684 along with the correction towards 1.1709, EURUSD has formed a new consolidation range around 1.1704. Possibly, today the pair may start a new decline to break 1.1684 and then continue falling with the target at 1.1660.

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

GBPUSD is still consolidating above 1.3666. Today, the pair may fall to reach this level. After breaking the range to the downside, the instrument may form a new descending structure with the short-term target at 1.3604.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 72.37 and may later start a new correction to reach 72.70. Later, the market may start another decline to break 72.30 and then continue trading downwards with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still moving upwards. Possibly, today the pair may reach 111.28 and then form a new descending structure with the target at 110.10.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9267. Possibly, the pair may expand the range down to 0.9246. Later, the market may start a new growth to break 0.9290 and then and continue trading within the uptrend with the target at 0.9330.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending structure at 0.7298; right now, it is consolidating there. If later the price breaks this range to the upside, the market may extend this structure up to 0.7363; if to the downside – resume trading within the downtrend with the target at 0.7220.

Brent

Brent is growing towards 80.22. After that, the instrument may start a new decline to reach 79.20 and then one more ascending structure with the target at 81.25.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1750.00. Today, the metal may expand the range up to 1765.40 and then form a new descending structure to return to 1750.00. After that, the instrument resume trading upwards with the target at 1769.39. If later the price falls and breaks 1744.00, the market may continue moving downwards to reach 1726.42.

S&P 500

The S&P index has finished the ascending structure at 4486.0. Possibly, today the asset may start another decline to reach 4424.0 and then resume growing with the target at 4455.5. Later, the market may form a new descending structure towards 4300.0.

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.