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 1.1664 and then reaching the downside border of the range at 1.1622, EURUSD has broken the latter level; right now, it is still falling towards 1.1565. Possibly, today the pair may reach it and then start a new correction to test 1.1620 from below. Later, the market may resume trading downwards with the target at 1.1565.

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

After completing the ascending wave at 1.3790 along with the correction at 1.3741, GBPUSD is consolidating between these two levels. Possibly, the pair may break the latter level to the downside and resume falling 1.3689. After that, the instrument may return to test 1.3740 from below and then resume trading downwards with the target at 1.3650.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 70.00. Today, the pair may form a new descending structure towards 69.45 and then start another correction to test 70.00 from below. After that, the instrument may resume falling within the downtrend with the target at 69.00.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still correcting towards 113.95. Later, the market may resume trading downwards with the first target at 112.90.

USD/CHF, “US Dollar vs Swiss Franc”

After forming a new consolidation range around 0.9175, USDCHF has broken it to the upside and may later grow towards 0.9207. After that, the instrument may form a new descending structure with the target at 0.9134.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7482. Today, the pair may grow to reach 0.7511 and then fall to return to 0.7447. Later, the market may break the level to the downside and start a new decline the target at 0.7418.

Brent

Brent is still consolidating around 86.05. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 88.00; if to the downside – start a new correction towards 84.70 and then form one more ascending structure to reach the above-mentioned target.

XAU/USD, “Gold vs US Dollar”

After completing the ascending structure, Gold is forming a new consolidation range around this level. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 1814.00. After breaking this level as well, the instrument may continue growing towards 1825.35.

S&P 500

The S&P index continues trading upwards; it has already reached 4672.0 and is currently consolidating around this level. Possibly, the asset may resume growing to reach 4607.7. On the other hand, if the price falls and breaks 4565.0, the instrument may start a new correction with the target at 4517.9.

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.