TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506.

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

GBP/USD is still growing and may soon reach 1.3722. After that, the instrument may correct towards 1.3627 and then start another growth with the target at 1.3760.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 74.66. Possibly, today the pair may break the range to the downside and resume trading downwards with the target at 74.07. Later, the market may correct to return to 74.66 and then form a new descending structure to reach 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the descending wave at 114.90 and breaking it to the downside, USDJPY is still falling towards 114.16. Later, the market may start another correction with the target at 115.60.

USD/CHF, “US Dollar vs Swiss Franc”

Having finished the descending wave at 0.9130, USDCHF is expected to correct towards 0.9181. After that, the instrument may resume trading downwards with the target at 0.9090.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the ascending wave at 0.7288. Today, the pair may correct to reach 0.7212 and then resume growing with the target at 0.7333.

Brent

Brent has completed the ascending structure at 85.00 and may later correct towards 80.50. After that, the instrument may form one more ascending structure to reach 90.00 and then start another correction with the target at 75.00.

XAU/USD, “Gold vs US Dollar”

Gold continues growing towards 1830.30. After that, the instrument may correct to reach 1800.00 and then start another growth with the target at 1900.00.

S&P 500

After finishing the ascending structure at 4747.0, the S&P index is correcting towards 4698.9 and may later resume growing with the target at 4845.5.

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.