TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After reaching the short-term correctional target at 1.1598, EURUSD is expected to form a new descending structure towards 1.1567. Later, the market may start another growth to reach 1.1611 and then resume falling with the target at 1.1500.

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

After breaking 1.3639 to the upside, GBPUSD is expected to continue growing towards 1.3691. After that, the instrument may trade downwards to return to 1.3639 and then start a new growth with the target at 1.3710.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has broken 72.00 to the upside. Today, the pair may correct to reach 72.49 and then resume falling within the downtrend with the target at 71.44.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still forming a new consolidation rage around 113.33, After expanding the range up to 113.77, the asset has completed the descending structure at 113.20 along with the correction towards 113.55. If later the price breaks this range to the upside, the market may start another growth to reach 114.00; if to the downside – form a new descending structure with the target at 112.90.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is falling towards 0.9230. After that, the instrument may form one more ascending structure to reach 0.9263 and then resume trading downwards with the target at 0.9216.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7365. Today, the pair may resume growing to reach 0.7408 and then start a new decline with the target at 0.7311.

Brent

Brent has finished the descending structure at 82.40; right now, it is growing towards 85.00. Later, the market may start another decline to return to 83.55.

XAU/USD, “Gold vs US Dollar”

After completing the correction at 1758.00 and starting a new ascending wave with the short-term target at 1803.30, Gold has already reached 1795.00. Possibly, the metal may fall towards 1777.00 and then resume trading upwards to reach the above-mentioned target.

S&P 500

The S&P index is still consolidating around 4354.5; it has already completed the ascending structure at 4380.0 and may continue growing towards 4438.8. After that, the instrument may start another decline to break 4327.0 and then continue trading downwards with the target at 4154.5.

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.