TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After finishing the correction at 1.1571 along with the descending impulse towards 1.1546, EURUSD is expected to break the low of this impulse at 1.1537 and then grow towards 1.1555, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may resume falling to reach 1.1519 or even extend this descending wave towards 1.1502; if to the upside – start another correction with the target at 1.1640.

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

GBP/USD has broken 1.3593 to the upside. Possibly, the pair may continue trading upwards to reach 1.3642 and then form a new descending structure with the target at 1.3535. Later, the market may start another growth towards 1.3595.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the descending wave at 71.70. Today, the pair may correct to test 72.34 from below and then resume trading downwards with the target at 71.44.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is trading upwards and may later reach 112.07. After that, the instrument may start a new correction with the target at 110.52.

USD/CHF, “US Dollar vs Swiss Franc”

After breaking 0.9282 to the upside, USDCHF is expected to continue growing to beak 0.9310. Later, the market may continue trading upwards with the short-term target at 0.9367.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending wave at 0.7323; right now, it is consolidating below this level. Possibly, the pair may break the range to the downside and resume moving downwards with the first target at 0.7246.

Brent

After finishing the correction at 79.50, Brent is forming one more ascending wave towards 85.00. After that, the instrument may resume trading downwards with the target at 82.22.

XAU/USD, “Gold vs US Dollar”

Gold is growing to break 1769.06. Later, the market may continue trading upwards with the short-term target at 1790.18.

S&P 500

The S&P index has completed the ascending wave at 4400.0; right now, it is consolidating around this level. Possibly, today the asset may break the range to the downside and reach 4300.0. Later, the market may break this level and 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.