TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking 1.1585 to the downside and completing the descending wave at 1.1530, EURUSD has finished the ascending impulse towards 1.1555 along with the correction to reach 1.1540; right now, it is growing to break 1.1555. Later, the market may start another growth to reach 1.1583 and then form a new descending structure to return to 1.1555.

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

GBPUSD has broken 1.3611 to the downside. Possibly, today the pair may continue trading downwards to reach 1.3535 and then form one more ascending structure with the target at 1.3660.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 72.48. Today, the pair may break this range to the downside and reach 72.00. After that, the instrument may grow to test 72.50 from below and then resume trading downwards with the target at 71.70.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending structure at 111.78; right now, it is falling to reach 111.18 and may later form a new consolidation range there. After that, the instrument may break the range to the downside and resume falling with the target at 110.80.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the correctional structure at 0.9266, USDCHF is expected to start another growth to beak 0.9310 and then continue trading upwards with the target at 0.9355.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correctional wave at 0.7235; right now, it is growing to reach 0.7300. Later, the market may start another decline towards 0.7275 and then resume moving upwards with the target at 0.7323.

Brent

Brent is correcting towards 80.70. After that, the instrument may resume trading upwards to break 84.00 and then continue growing with the target at 90.00.

XAU/USD, “Gold vs US Dollar”

Gold has finished the correctional structure at 1746.00. Today, the metal may form one more ascending structure to break 1769.00 and then continue trading upwards with the target at 1790.18.

S&P 500

The S&P index is consolidating around 4330.0. Possibly, today the asset may expand the range up to 4400.5 and then fall to break 4300.94. Later, the market may continue trading downwards with the target at 4234.4.

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.