TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After rebounding from 1.1618, finishing another ascending wave at 1.1646, and then forming a new consolidation range above the latter level, EURUSD has broken it to the upside and may later continue trading upwards to reach 1.1687. If later the price breaks this level to the upside, the market may continue growing with the target at 1.1717 to test it from below.

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

After rebounded from 1.3742, GBPUSD is forming one more ascending wave towards 1.3844. After that, the instrument may resume trading downwards to reach 1.3777 and then start another growth with the target at 1.3886.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still forming a narrow consolidation range around 70.90. Possibly, the pair may break it to the downside and start another decline with the target at 70.48.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is falling towards 113.79. Possibly, the pair may break this level and continue trading downwards with the target at 113.33.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has completed another descending structure at 0.9186; right now, it is consolidating above this level. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 0.9217; if to the downside – form a new descending structure towards 0.9170.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has expanded its consolidation range up to 0.7545. Today, the pair may fall to break 0.7480 and then continue trading downwards with the target at 0.7418.

Brent

Brent has formed a new consolidation range around 86.50. Possibly, today the asset may form one more ascending structure to break 87.11 and then continue trading within the uptrend with the target at 90.00.

XAU/USD, “Gold vs US Dollar”

Gold has finished the ascending wave at 1786.06; right now, it is consolidating around 1782.22. If later the price breaks this range to the upside, the market may resume trading upwards with the short-term target at 1798.13.

S&P 500

After finishing the ascending structure at 4540.2, the S&P index is expected to fall towards 4492.5. After that, the instrument may break the latter level to the downside and continue trading downwards with the first target at 4377.0.

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.