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 1.0520 and then expanding it up to 1.0600, EURUSD is expected to form one more ascending structure towards 1.0619. Later, the market may trade downwards to break 1.0500 and then continue falling with the target at 1.0390.

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

Having rebounded from 1.2160, GBPUSD is expected to grow towards 1.2460. After that, the instrument may trade downwards to break 1.2066 and then continue falling with the target at 1.1820.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed the correctional wave at 135.15. Today, the pair may form a new descending structure towards 134.50. After that, the instrument may resume trading upwards with the target at 136.70 or even extend this structure up to 137.54.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still consolidating around 0.9666 without any specific direction; right now, it is falling towards 0.9567 and may later extend this structure down to 0.9555. After that, the instrument may resume growing to break 0.9800 and then continue trading upwards with the target at 1.0050.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is forming a new descending structure to break 0.6862. Later, the market may correct up to 0.6930 and then resume trading downwards with the target at 0.6790.

Brent

Having completed the correction at 107.33, Brent is expected to grow and break 117.02. After that, the instrument may continue trading upwards with the target at 126.00.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1836.30. Possibly, the metal may break the range to the downside and start another decline towards 1790.00 or even extend this structure down to 1777.17.

S&P 500

The S&P index has completed the correction at 3800.0; right now, it is falling to break 3640.0 and may later continue trading downwards with the target at 3500.0.

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.