TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After forming a narrow consolidation range around 1.0390, EURUSD has broken it to the downside; right now, it is still falling with the target at 1.0275. Later, the market may correct to correct towards 1.0400 and then start a new decline towards 1.0243 or even extend this structure don to 1.0200.

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

Having finished the correction at 1.2295, GBPUSD is falling towards 1.2110. After that, the instrument may form one more ascending structure towards 1.2250 and then resume trading downwards with the target at 1.1900.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed the correctional structure at 129.60. Today, the pair may start a new decline towards 126.90 or even extend this structure down to 125.77.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is consolidating around 1.0025. Possibly, the pair may expand the range up to 1.0052 and then start a new correction towards 0.9960. Later, the market may resume trading upwards with the target at 1.0060 or even extend this structure up to 1.0200.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the correction at 0.6960; right now, it is falling towards 0.6828. After that, the instrument may break the latter level and continue falling with the target at 0.6700.

Brent

After finishing the ascending wave at 112.60, Brent is expected to correct down to 109.00. Later, the market may start another growth to break 112.60 and then continue trading upwards with the target at 116.00.

XAU/USD, “Gold vs US Dollar”

Gold is still correcting. Possibly, today the metal may fall to reach 1795.00. After that, the instrument may form one more ascending structure to break 1862.44 and then continue growing with the target at 1914.11.

S&P 500

The S&P index continues consolidating below 4000.0. Possibly, the asset may fall to reach the short-term target at 3832.4 and then start a new correction to return to 4000.0. After that, the instrument may resume trading downwards with the first target at 3697.8.

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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.