TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing another descending structure at 1.1230, EURUSD is expected to correct towards 1.1277. Later, the market may form a new descending structure to reach 1.1195 and then start another correction with the target at 1.1350.

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

After finishing the descending wave at 1.3396, GBPUSD is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.3290; if to the upside – start another correction with the target at 1.3455.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the ascending wave at 74.84; right now. it is consolidating around this level. Possibly, the pair may break the range downwards and form a new descending structure with the first target at 72.72.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still growing. Possibly, today the pair may reach 115.40 and then form a new consolidation range there. If the price grows and breaks this range to the upside, the market may form one more ascending structure with the target at 115.88.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9330, USDCHF has formed a new consolidation range below this level. Possibly, the pair may start a new correction towards 0.9297 and then resume trading upwards with the target at 0.9350.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished another descending structure at 0.7222; right now, it is consolidating around this level. Possibly, today the pair may break the range to the downside and resume falling towards 0.7170. After that, the instrument may grow to reach 0.7260 and then start another decline with the target at 0.7150.

Brent

Brent is still consolidating above 78.20. Today, the asset may break the range upwards and correct to reach 82.00. Later, the market may resume falling with the target at 77.40.

XAU/USD, “Gold vs US Dollar”

After finishing another descending wave at 1810.50, Gold has formed a new consolidation range фриovу this level. Possibly, the metal may break the range to the upside and reach 1844.44.

S&P 500

The S&P index has completed the descending wave at 4683.7; right now, it is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 4633.6 and then form another ascending wave with the target at 4683.7.

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.