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 correctional wave at 1.1321, EURUSD is forming a new descending structure towards 1.1247. Later, the market may start another growth to reach 1.1288 and then resume trading downwards with the target at 1.1170.

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

GBPUSD has finished the correction at 1.3356. Possibly, today the pair may start a new decline to break 1.3294 and then continue trading downwards with the target at 1.3239.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating below 75.90. Today, the pair may fall to reach 74.33 and then grow towards 75.10. After that, the instrument may resume trading downwards to break 73.33 and then continue falling with the target at 72.72.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending wave at 113.05. Possibly, the pair may start a new growth with the target at 114.22 and then resume falling to reach 113.58.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the correction at 0.9216, USDCHF is expected to grow and reach 0.9316. Later, the market may start another decline with the target at 0.9270.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has formed a new consolidation range around 0.7130. If later the price breaks this range to the downside, the market may resume trading downwards to reach 0.7106; if to the upside – start a new correction with the target at 0.7190.

Brent

After finishing the descending structure at 71.44, Brent is growing towards 77.05 and may later start another decline to reach 74.11, thus forming a new consolidation range between the two latter levels. If the price breaks this range to the upside, the market may resume trading upwards with the first target at 82.44.

XAU/USD, “Gold vs US Dollar”

After completing the descending wave at 1773.73 along with the ascending structure towards 1795.00, Gold is expected to resume falling and reach 1784.77. Later, the market may form one more ascending structure to break 1800.00 and then continue growing with the first target at 1815.00.

S&P 500

After reaching the short-term downside target at 4594.4, the S&P index is correcting upwards and may reach 4658.4. Later, the market may resume trading downwards with the target at 4573.2 and then form one mo0re ascending structure towards 4660.0.

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.