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 completed the descending wave at 1.0855 and may later start a new correction to reach 1.0955. After that, the instrument may resume trading downwards with the target at 1.0805.

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

GBP/USD is forming a new consolidation range around 1.3080. Possibly, the pair may break the range to the downside and resume falling towards 1.2998. Later, the market may correct to return to 1.3080 and then start a new decline with the target at 1.2970.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is forming a new consolidation range around 123.50. Possibly, today the pair may fall to break 122.62 and then continue trading downwards with the target at 120.80.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has finished the ascending structure at 0.9350. Today, the pair may fall to break 0.9317 and then continue moving downwards with the target at 0.9255.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the descending wave at 0.7494; right now, it is consolidating there. If later the price breaks the range to the upside, the market may start another correction with the target at 0.7575; if to the downside – form a new descending structure to return to 0.7414.

Brent

Brent is still correcting downwards. Possibly, today the asset may reach 98.95 and then form one more ascending structure to break 107.30. Later, the market may continue moving within the uptrend with the short-term target at 122.20.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1929.00. Possibly, the metal may break the range to the downside and fall towards 1909.00. After that, the instrument may grow to break 1956.77 and then continue trading upwards with the target at 2000.00.

S&P 500

The S&P index is still consolidating around 4485.0. Today, the asset may break the range to the downside and start another decline with the short-term target at 4372.5. Later, the market may correct up to 4480.0 and then resume falling to reach 4333.3.

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.