TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD is consolidating above 1.0707. Possibly, today the pair may expand the range up to 1.0765 and then resume falling to break 1.0670. Later, the market may continue trading downwards with the target at 1.0590.

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

GBP/USD is consolidating around 1.2540. Possibly, the pair may expand this range up to 1.2651 and then start a new decline to break 1.2430. After that, the instrument may continue trading downwards with the target at 1.2111.

USD/JPY, “US Dollar vs Japanese Yen”

After breaking 133.66 to the upside, USDJPY is forming a new consolidation range above it. Today, the pair may continue moving within the uptrend with the target at 135.05 or even extend this structure up to 136.26.

USD/CHF, “US Dollar vs Swiss Franc”

Having finished the ascending structure at 0.9790 along with the correction down to 0.9733, USDCHF continues trading upwards with the short-term target at 0.9873.

AUD/USD, “Australian Dollar vs US Dollar”

After forming a new consolidation range around 0.7194 and breaking it to the downside, AUDUSD is falling towards 0.7143. Possibly, the pair may break the latter level as well and then continue falling with the target at 0.7048.

Brent

After breaking 124.00 to the upside, Brent continues trading upwards with the target at 127.00, or even extend this structure up to 131.50.

XAU/USD, “Gold vs US Dollar”

Having completed the ascending wave at 1859.50 along with the descending structure towards 1850.00, Gold is forming a new consolidation range between these two levels. If later the price breaks the range to the downside, the market may resume falling to reach 1800.00; if to the upside – form one more ascending wave with the target at 1868.30, or even extend this structure up to 1880.00. After that, the instrument may start a new decline towards 1800.00.

S&P 500

The S&P index is still consolidating around 4115.5 without any specific direction. If later the price breaks this range to the upside, the market may form one more ascending structure towards 4220.0 and the start a new decline with the target at 4000.0; if to the downside – resume falling to reach 4020.0, or even extend this descending structure down to 3814.0.

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.

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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.