TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.0525. Possibly, the pair may 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 1.0400.

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

GBPUSD is forming a new consolidation range around 1.2240. Today, the pair may grow towards 1.2319 and then trade downwards to return to 1.2240. If later the price breaks this range to the upside, the market may expand it up to 1.2490; if to the downside – resume falling with the target at 1.2066.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed the correctional wave at 134.30 and may later start another growth towards 135.90, thus forming a new consolidation range between these two levels. If the price breaks this range to the upside, the market may form one more ascending structure to reach 137.55; if to the downside – resume falling with the target at 131.66.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9666; right now, it is falling towards 0.9540 and may later resume growing to break 0.9806. After that, the instrument may continue trading upwards with the target at 1.0044.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.6930 without any specific direction. Later, the market may fall to break 0.6830 and then continue trading downwards with the target at 0.6790.

Brent

Having completed the ascending wave 112.60 along with the descending structure towards 108.80, Brent has formed a new consolidation range between these two levels. If the price breaks this range to the upside, the market may form one more ascending structure with the target at 117.00; if to the downside – resume falling towards 105.00 first and then start another growth to reach the above-mentioned target.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1836.30 without any specific direction. If the price breaks this range to the downside, the market may start a new decline with the target at 1790.00 or even extend this structure down to 1777.17; if to the upside – form one more ascending wave to reach 1867.60.

S&P 500

The S&P index has completed the ascending structure at 3840.0 and may later resume falling towards 3680.0. If the price breaks this range to the upside, the market may start another correction up to 4000.0; if to the downside – resume trading downwards with the target 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.