TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming a new consolidation range around 1.1300, EURUSD is expected to break it to the downside and reach the target at 1.1250. Later, the market may correct towards 1.1350 and then resume trading within the downtrend with the target at 1.1174.

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

GBPUSD has completed the correction at 1.3500. Possibly, today the pair may fall to break 1.3400 and then continue falling with the short-term target at 1.3290.

USD/RUB, “US Dollar vs Russian Ruble”

After rebounding from 73.50, USDRUB is falling towards 71.80. Later, the market may resume trading upwards to reach 73.73 and then form a new descending structure with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correctional structure at 114.00; right now, it is growing to break 114.60 and may later continue trading upwards with the target at 115.27.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9300. Possibly, the pair may fall towards 0.9260 and then resume trading upwards with the target at 0.9340.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7275. Today, the pair may break the range to the downside and reach 0.7236. After that, the instrument may form one more ascending structure to reach 0.7300 and then resume trading downwards with the target at 0.7230.

Brent

Brent has finished the descending structure at 80.00. Possibly, today the asset may consolidate near the lows. Later, the market may expand the range to the downside and reach the short-term target at 79.00. After that, the instrument may grow to test 83.15 from below and then trade downwards with the target at 77.55.

XAU/USD, “Gold vs US Dollar”

Gold has completed the ascending wave at 1870.00. Today, the metal may form a new descending structure to break 1846.55 and then continue trading downwards with the target at 1815.00.

S&P 500

The S&P index is consolidating around 4694.8. Possibly, the asset may resume falling towards 4673.3 and then resume trading upwards with the target at 4694.8.

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.