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 ascending impulse towards 1.1607, and then forming a new consolidation range around the latter level, EURUSD has broken it to the upside to reach 1.1650. Possibly, today the pair may form another consolidation range. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1666; if to the downside – start a new decline towards 1.1607.

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

After completing the correction at 1.3708, GBPUSD is growing to reach 1.3779 and may later resume trading downwards with the target at 1.3666.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still correcting. Today, the pair may form one more ascending structure to test 71.50 from below. After that, the instrument may start a new decline to break 70.90 and then continue falling within the downtrend with the target at 70.50.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating below 114.44. Today, the par may fall to reach the downside border at 113.95. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 115.00; if to the downside – start a new correction towards 113.36.

USD/CHF, “US Dollar vs Swiss Franc”

After forming a new consolidation range around 0.9235, USDCHF has broken it to the downside and may later continue falling towards 0.9199. After that, the instrument may form one more ascending structure with the target at 0.9235.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7418. Today, the pair may grow to reach the upside border at 0.7461 and then fall to return to 0.7418. Later, the market may break the range to the downside and start a new correction the target at 0.7323.

Brent

After completing the correction at 83.90, Brent is growing towards 85.00. Later, the market may start another decline to reach 83.83 and then resume trading within the uptrend with the target at 88.20.

XAU/USD, “Gold vs US Dollar”

After forming another consolidation range below 1771.27, Gold has broken it to the upside and may later continue trading upwards with the target at 1782.74. After that, the instrument may start a new correction to return to 1771.27.

S&P 500

After rebounding from 4444.6, the S&P index is growing towards 4504.0. After that, the instrument may start a new decline to break 4474.8 and then continue trading downwards with the target at 4444.6.

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.