TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has finished the descending wave at 1.0960. Today, the pair may start another growth with the first target at 1.1040.

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

After forming a new consolidation range around 1.3116, GBPUSD is moving upwards and may soon reach 1.3138. Later, the market may break the latter level and continue growing with the target at 1.3190.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 122.55. Possibly, today the pair may form a new descending structure to break 121.55 and then continue trading downwards with the short-term target at 120.77.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is consolidating around 0.9255. Today, the pair may form one more ascending wave towards 0.9280. If later the asset breaks the range to the upside, the market may start another growth to reach 0.9280; if to the downside – resume falling with the target at 0.9222.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the ascending wave at 0.7533 and forming a new consolidation range there, AUDUSD is expected to break it upwards. Possibly, the pair may reach 0.7600 or even extend this wave up to 0.7622. Later, the market may resume trading downwards with the target at 0.7540.

Brent

Brent has finished the ascending structure at 111.11. Possibly, today the asset may start another correction towards 108.80. After that, the instrument may resume growing to break 113.80 and then continue moving within the uptrend with the target at 118.00.

XAU/USD, “Gold vs US Dollar”

Having completed the correction at 1915.15, Gold is forming one more ascending wave to break 1956.77. After that, the instrument may continue trading upwards with the short-term target at 2000.00.

S&P 500

The S&P index has finished the correction at 4583.3 and may later consolidate there. Possibly, the asset may break the range downwards and fall to reach 4373.0. After that, the instrument may start another correction with the target at 4487.0.

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.