TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking the consolidation range to the downside at 1.1244 and completing the descending wave at 1.1130, EURUSD is expected to form a new consolidation range there. A breakout of this range to the upside may result in a new rising wave towards 1.1310. Today, the pair may form the first ascending structure to reach 1.1188 and then correct with the target at 1.1160.

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

After finishing the first descending wave at 1.3360, GBPUSD is growing towards 1.3550. Possibly, today the pair may form the first ascending structure to reach 1.3450 and then resume trading downwards with the first target at 1.3410.

USD/RUB, “US Dollar vs Russian Ruble”

Having broken 78.14 and completed a downside continuation pattern, USDRUB is expected to fall and reach the short-term target at 77.14. After that, the instrument may correct to test 78.14 from below and then resume trading downwards with the target at 76.58.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues trading upwards. Possibly, today the pair may reach 115.55 and then start another decline with the target at 114.50.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has reached the upside target at 0.9333. Today, the pair may form a new descending structure with the target at 0.9215.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has broken 0.7090 to the downside; right now, it is extending the descending wave to 0.7002. Possibly, the pair may reach this level and start a new growth with the target at 0.7090.

Brent

Brent is still consolidating above 88.80. Today, the asset may start another growth to break 99.90 and then continue trading within the uptrend with the target at 92.55.

XAU/USD, “Gold vs US Dollar”

After forming the consolidation range around 1825.70 and breaking it to the downside, Gold continues the correction down to 1792.00. Today, the metal may form a new consolidation range above the latter level. If later the market breaks the range to the upside, the price may form one more ascending structure with the target at 1815.70.

S&P 500

The S&P index is consolidating around 4360.0. Possibly, the asset may grow towards 4437.9. After that, the instrument may start a new decline to break 4288.3 and then continue trading downwards with the first target at 4148.0.

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.