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 new consolidation range around 1.0540 and breaking it to the upside, EURUSD is expected to continue the correction up to 1.0719. Later, the market may resume falling to break 1.0460 and then continue trading downwards with the target at 1.0300.

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

Having formed a new consolidation range around 1.2474, GBPUSD is expected to form one more ascending structure towards 1.2622 and then fall to return to 1.2474. After that, the instrument may start another growth to reach 1.2747 and resume trading downwards with the target at 1.2155.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is still falling towards 126.20. After that, the instrument may start a new correction with the target at 129.00.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has broken 0.9696 and may later continue the correction down to 0.9620. After that, the instrument may resume trading upwards with the target at 0.9920.

AUD/USD, “Australian Dollar vs US Dollar”

After forming a new consolidation range around 0.7043 and breaking it to the upside, AUDUSD is expected to continue the correction up to 0.7131. Later, the market may resume trading downwards with the target at 0.6960.

Brent

Having expanded the consolidation range up to 114.37 and then completed the descending structure at 112.00, Brent is expected to continue growing with the target at 118.36 or even extend this structure up to 122.65.

XAU/USD, “Gold vs US Dollar”

After forming a new consolidation range around 1847.88 and expanding it up to 1865.85, Gold has completed the correctional structure to return to 1847.88. Today, the metal may move upwards with the short-term target at 1888.08. After that, the instrument may correct towards 1865.85 and then resume growing to reach 1909.80.

S&P 500

The S&P index is still consolidating around 3952.8. Possibly, the asset may grow towards 4084.5. Later, the market may resume trading downwards to break 3860.0 and then continue falling with the first target at 3655.7.

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.