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 ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444.

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

Having finished the ascending wave at 1.3648, GBPUSD is expected to correct towards 1.3600. After that, the instrument may start a new growth to break 1.3648 and then continue trading upwards with the target at 1.3705.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the descending impulse at 75.82 along with the correction towards 76.45. Today, the pair may start another decline to break 75.80 and then continue trading downwards with the short-term target at 75.00.

USD/JPY, “US Dollar vs Japanese Yen”

Having completed the descending wave at 114.24, USDJPY is correcting towards 114.48. Later, the market may resume falling with the target at 113.90.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the correction at 0.9140, USDCHF is expected to grow and break 0.9178. Later, the market may continue trading upwards with the target at 0.9209.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has finished the ascending wave at 0.7255. Today, the pair may correct to reach 0.7206 and then resume trading upwards with the target at 0.7280.

Brent

Brent is still consolidating below 89.20. Possibly, today the asset may correct to reach 84.44 and then resume trading within the uptrend with the target at 91.44.

XAU/USD, “Gold vs US Dollar”

Gold has finished the ascending structure at 1844.00. Today, the metal may correct towards 1826.95. After that, the instrument may form one more ascending structure to break 1848.45 and then continue trading upwards with the target at 1855.55.

S&P 500

The S&P index is still consolidating around 4564.5. Possibly, the asset may break the range to the downside and continue the correction with the short-term target at 4388.3. After that, the instrument may form one more ascending structure to test 4564.5 from below.

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.