TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303.

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

Having completed the ascending structure at 1.2550, GBPUSD is expected to form a new descending impulse to break 1.2440 and may later continue falling with the target at 1.2333.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is falling towards 127.00. After that, the instrument may correct to reach 127.99 and then start a new decline with the first target at 125.75.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still consolidating around 0.9740. Today, the pair may expand the range up to 0.9785. Later, the market may start another decline to return to 0.9740 and then resume trading upwards with the target at 0.9888.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending wave at 0.7083. Possibly, today the pair may resume falling to break 0.6940 and then continue trading downwards with the target at 0.6795.

Brent

Brent has formed a new consolidation range around 112.00 and may later break it to the upside to reach 114.41. After that, the instrument may break the latter level as well and continue growing with the target at 118.36 or even extend this structure up to 125.50.

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 or even extend this structure up to 1950.00.

S&P 500

After completing another descending structure at 3810.0, the S&P index is expected to grow towards 3950.5. Later, the market may resume trading downwards with the first target at 3655.5 and then start another correction up to 4000.0.

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.