TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After finishing the ascending wave at 1.0412 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to extend the correction up to 1.0562; right now, it is forming the first descending impulse towards 1.0495. Later, the market may break this level and continue trading downwards with the target at 1.0430.

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

Having completed the ascending wave at 1.2323 and then forming a new consolidation range around this level, GBPUSD has broken it to the upside to extend the correction up to 1.2490. Today, the pair may form a new descending impulse to break 1.2323 and then continue falling with the target at 1.2106.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still consolidating around 129.04. Possibly, today the pair may grow to reach 130.53 to complete the correction and then form a new descending structure with the target at 126.91.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the correctional wave at 0.9919, USDCHF is expected to form one more ascending wave to break 1.0060 and may later continue trading upwards with the target at 1.0201.

AUD/USD, “Australian Dollar vs US Dollar”

Having completed the correction at 0.7044, AUDUSD is expected to form a new descending structure to break 0.6892 and then continue falling with the target at 0.6736.

Brent

After finishing the ascending wave at 115.96, Brent is forming the first descending impulse towards 111.00. Later, the market may start another growth to reach 113.43 and then resume trading downwards with the target at 108.73.

XAU/USD, “Gold vs US Dollar”

Gold has finished the ascending impulse at 1836.10 along with the correction down to 1808.00. Possibly, the metal may form one more ascending wave with the target at 1860.00 or even extend this structure up to 1875.88.

S&P 500

The S&P index has competed the correctional wave at 4084.5. Today the asset may start another decline to break 3862.3 and then continue trading downwards with the target at 3655.5.

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.