TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is forming a narrow consolidation range around 1.1286. Possibly, the pair may form a new descending structure to break 1.1263. Later, the market may continue trading downwards with the target at 1.1234 or even reach 1.1150.

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

GBP/USD is correcting towards 1.3293. Later, the market may resume trading downwards to reach 1.3175 and then start a new growth with the target at 1.3255.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the correction at 74.14. Today, the pair may resume trading downwards to reach 73.13. 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”

USD/JPY is growing towards 113.72 and may later correct to reach 113.13. After that, the instrument may form one more ascending structure towards 114.30 or even reach the target at 114.90.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has finished the ascending structure at 0.9266; right now, it is correcting towards 0.9220. After that, the instrument may form one more ascending structure to break 0.9280 and then continue trading upwards with the target at 0.9343.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues growing towards 0.7083. Later, the market may resume trading downwards with the target at 0.7037.

Brent

Brent is growing towards 76.70. Later, the market may start a new correction to reach 73.10 and then resume trading upwards with the target at 80.00.

XAU/USD, “Gold vs US Dollar”

Gold has finished the correction at 1775.45. Possibly, the metal may extend it down to 1772.33 and then start a new growth towards 1793.95. Later, the market may resume falling to reach 1793.95 and then form one more ascending structure with the target at 1804.50.

S&P 500

The S&P index is growing towards 4616.6. After that, the instrument may start another correction to reach 4570.6 and then form one more ascending wave with the target at 4649.9.

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.