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 still consolidating around 1.1458. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1507; if to the downside – start a new correction towards 1.1385 and then form one more ascending structure to reach the above-mentioned target.

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

GBP/USD is still consolidating around 1.3723. Possibly, the pair may grow and reach 1.3759. After that, the instrument may correct downwards with the target at 1.3626.

USD/RUB, “US Dollar vs Russian Ruble”

Having broken the range to the upside and completing the correction at 76.35, USDRUB is expected to fall and break 74.22. Later, the market may continue trading downwards with the target at 72.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the descending wave at 113.66, USDJPY is expected to consolidate near the lows. Later, the market may break the range to the upside and start another correction with the target at 114.92.

USD/CHF, “US Dollar vs Swiss Franc”

Having finished the descending wave at 0.9090, USDCHF is expected to consolidate near the lows. After that, the instrument may break the range to the upside and start a new correction with the target at 0.9183.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is consolidating around 0.7288. If later the price breaks this range to the upside, the market may resume trading upwards to reach 0.7337; if to the downside – start a new decline with the target at 0.7212.

Brent

Brent is consolidating below 85.30. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 90.00; if to the downside – form a new descending structure towards 80.60.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1821.00. Possibly, today the metal may grow to reach 1830.00. After that, the instrument may correct to break 1812.00 and then continue falling with the target at 1793.70.

S&P 500

The S&P index is consolidating around 4694.2. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 4845.9; if to the downside – start a new decline towards 4498.0.

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.