TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After extending the correction up to 1.0606 and then finishing the first descending impulse at 1.0555, EURUSD has completed another correctional structure at 1.0580. Later, the market may fall to break 1.0500 and then continue trading downwards with the target at 1.0300.

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

Having completed another correctional structure at 1.2520 along with the descending impulse towards 1.2440, GBPUSD is correcting upwards and may soon reach 1.2484. After that, the instrument may form a new descending impulse to break 1.2323 and then continue falling with the target at 1.2100.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating around 127.91. Possibly, today the pair may fall to reach 127.00 and then start a new growth with the target at 129.06.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the correctional wave at 0.9700, USDCHF is expected to consolidate there. Later, the market may break the range to the upside and start another growth to reach 0.9888. After that, the instrument may resume trading downwards with the target at 0.9780.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has rebounded from 0.6942; right now, it is growing towards 0.7083 and may later resume falling with the target at 0.6942.

Brent

Brent is forming one more ascending impulse towards 114.41. Later, the market may start another decline to reach 110.17 and then resume trading upwards with the target at 122.65.

XAU/USD, “Gold vs US Dollar”

Gold is moving upwards to reach 1859.85. After that, the instrument may correct towards 1834.00 and then resume growing with the target at 1875.88.

S&P 500

After completing another descending structure at 3860.0, the S&P index is expected to grow towards 3975.5. Later, the market may resume trading downwards with the first 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.