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 1.1300, EURUSD is consolidating around this level. Possibly, the pair may break this range to the downside and form a new descending structure to break 1.1235. Later, the market may continue trading downwards with the target at 1.1115.

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

After finishing the descending structure at 1.3259, GBPUSD is consolidating above this level. Today, the pair may break the range to the downside and start a new decline towards 1.3170. Later, the market may form one more ascending structure with the target at 1.3400.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB continues trading downwards to reach 73.22. After that, the instrument may correct to test 74.14 from below and then form a new descending structure with the first target at 72.47.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is growing towards 113.71 and may later start a new correction to reach 113.30. After that, the instrument may form one more ascending structure to break 113.71 and then continue trading within the uptrend with the short-term target at 114.86.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9198. Possibly, today the pair may form one more ascending structure to break 0.9265 and then continue trading upwards with the target at 0.9333.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the descending wave at 0.7062; right now, it is growing to reach 0.7118. Later, the market may resume trading downwards with the target at 0.7090.

Brent

After completing another descending structure at 65.90, Brent is growing towards 75.05. Later, the market may start a new correction to reach 70.45 and then resume trading upwards with the target at 79.60.

XAU/USD, “Gold vs US Dollar”

After finishing the descending wave at 1763.00, Gold is growing towards 1789.00. Later, the market may start a new correction with the target at 1775.75.

S&P 500

After forming a new consolidation range below 4559.0 and breaking it to the upside, the S&P index continues growing towards 4616.6. Later, the market may start another decline with the target at 4487.1.

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.