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 impulse at 1.1239, EURUSD is correcting towards 1.1347. Later, the market may resume falling to break 1.1230 and then continue trading downwards with the target at 1.1133.

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

After finishing the descending impulse at 1.3195, GBPUSD is correcting upwards and may reach 1.3342. Later, the market may resume falling with the target at 1.3168.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending wave at 74.19. Possibly, today the pair may consolidate around this level. After that, the instrument may break the range to the downside and resume trading downwards with the short-term target at 73.70.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending wave at 112.53 and may later start a new growth towards 114.20, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may continue the correction to reach 112.00; if to the upside – form one more ascending structure with the target at 115.00.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has completed the ascending impulse at 0.9265 along with the correction towards 0.9197. Possibly, today the pair may form one more ascending structure to break 0.9265 and then continue trading upwards with the short-term target at 0.9333.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the descending wave at 0.7062; right now, it is correcting towards 0.7189. Later, the market may resume trading downwards with the target at 0.7126.

Brent

Brent is consolidating around 72.33; it has already expanded the range down to 67.72. Today, the asset may grow to break 72.33 and then continue trading upwards with the target at 77.04.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1790.00; it has already expanded the range down to 1770.00. Possibly, today the metal may form one more ascending structure towards 1790.00 and then resume falling with the target at 1763.00.

S&P 500

After completing the descending wave at 4573.0, the S&P index is correcting towards 4658.0. Later, the market may start another decline with the target at 4609.0.

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.