TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing the descending structure at 1.1186, EURUSD is expected to correct towards 1.1225. Later, the market may start another decline with the target at 1.1182.

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

After finishing the descending wave at 1.3315, GBPUSD is correcting towards 1.3346. Later, the market may resume trading downwards with the target at 1.3305.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending impulse at 74.13 along with the correction towards. Possibly, today the pair may form a new descending structure to break 73.96 and then continue falling with the target at 72.72.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the ascending wave at 115.50; right now, it is consolidating below this level. Possibly, the pair may break this range to the upside and start a new growth with the target at 116.06.

USD/CHF, “US Dollar vs Swiss Franc”

After reaching the short-term upside target at 0.9366, USDCHF is correcting towards 0.9317. Later, the market may start another growth with the target at 0.9383.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the descending wave at 0.7183. Possibly, today the pair may correct towards 0.7222 and then start another decline with the target at 0.7171.

Brent

Brent has finished the ascending structure at 82.44; right now, it is consolidating below this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 77.40; if to the upside – form one more ascending structure with the target at 83.20.

XAU/USD, “Gold vs US Dollar”

Gold has expanded the consolidation range down to 1778.40; right now, it is growing to reach 1806.60 and may later start a new decline towards 1792.10. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1777.50; if to the upside – form one more ascending structure with the target at 1823.50.

S&P 500

After expanding the range up to 4698.0 and then completing the descending structure at 4680.9, the S&P index is trading upwards to break 4700.0 and may later continue growing towards 4738.8. After that, the instrument may resume trading downwards to return to 4700.0.

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.