TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has reached the short-term upside target at 1.1372. Possibly, today the pair may fall towards 1.1328 and then form one more ascending structure to reach 1.1388 to complete this wave. Later, the market may resume trading within the downtrend with the target at 1.1300.

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

GBPUSD has completed the ascending structure at 1.3511. Today, the pair may fall to reach 1.3454 and then start another growth towards 1.3560. After that, the instrument may trade downwards to break 1.3450 and then continue falling with the target at 1.3290.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 73.00. Possibly, the pair may expand the range up to 73.73 and then fall towards 72.00. Later, the market may resume trading upwards with the target at 74.20.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 114.25. Today, the pair may expand the range up to 114.65 and then fall to return to 114.25. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 115.22; if to the downside – continue the correction towards 112.90.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has reached the short-term downside target at 0.9250. Possibly, today the pair may grow to test 0.9280 from below and then correct downwards to reach 0.9233. Later, the market may resume trading upwards with the target at 0.9350.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the descending structure at 0.7248; right now, it is correcting towards 0.7300. After that, the instrument may resume trading downwards with the target at 0.7236.

Brent

Brent has finished the descending structure at 79.40. Today, the asset may grow to test 83.33 from below and then complete the correction by trading downwards with the target at 77.55. Later, the market may start a new growth to reach 85.50.

XAU/USD, “Gold vs US Dollar”

Gold is still falling towards 1846.55 and may later consolidate above this level. If the price breaks this range to the upside, the market may resume trading upwards with the target at 1880.00; if to the downside – continue the correction towards 1815.00.

S&P 500

After finishing the correction at 4673.3 and rebounding from this level to the upside, the S&P index is still moving upwards. Possibly, today the asset may reach 4733.0 and then resume falling towards 4715.0. Later, the market may start another growth with the target at 4750.0.

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.