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 forming the descending structure towards 1.1000. After that, the instrument may start another correction to reach 1.1066 and then resume trading downwards with the target at 1.0950.

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

After breaking 1.3128 and reaching the short-term target at 1.3087, GBPUSD is expected to correct and test 1.3128 from below. Later, the market may fall to reach 1.3030 or even extend this structure down to 1.2999.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has finished the correctional structure at 122.60; right now, it is consolidating around this level. If later the price breaks this range to the downside, the market may resume falling with the short-term target at 120.77; if to the upside – continue the correction towards 123.50 and then start a new decline to reach the above-mentioned target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is consolidating around 0.9255. Today, the pair may form one more ascending wave towards 0.9292. Later, the market may start a new correction to test 0.9255 from above and then resume growing with the first target at 0.9320.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.7495. Possibly, the pair may grow to reach 0.67252 and then fall to break 0.7450. Later, the market may continue trading downwards with the target at 0.7400.

Brent

Brent is consolidating above 105.50. Possibly, today the asset may start another growth to break 114.44. After that, the instrument may continue moving within the uptrend with the target at 125.00 or even extend this structure up to 129.20.

XAU/USD, “Gold vs US Dollar”

Gold is falling towards 1908.50 and may form one more ascending wave to break 1955.00. After that, the instrument may continue trading upwards with the short-term target at 2004.60.

S&P 500

The S&P index has finished the first descending impulse towards 4509.9; right now, it is correcting up to 4577.0 and may later form the second descending impulse with the short-term target at 4395.2. After that, the instrument may correct towards 4487.4 and then continue moving within the downtrend with the first target at 4372.0.

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.