TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the descending wave at 1.0383 along with the correction up to 1.0484, EURUSD continues falling towards 1.0355. Later, the market may correct to return to 1.0484 and then resume trading downwards with the target at 1.0300.

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

After finishing the descending wave at 1.2100 along with the correction up to 1.2187, GBPUSD continues falling towards 1.2079 and may later correct up to 1.2200. After that, the instrument may start another decline with the target at 1.2000.

USD/JPY, “US Dollar vs Japanese Yen”

Having finished the descending wave at 135.83 and then forming a new consolidation range around this level, USDJPY has broken it to the downside and may later continue falling with the short-term target at 134.85. After that, the instrument may form one more ascending structure to return to 135.82 and then resume trading downwards to reach 134.66.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has completed the ascending wave at 0.9600 along with the correction down to 0.9535; right now, it is growing towards 0.9610. After that, the instrument may break this level to the upside and then form one more ascending structure with the target at 0.9685.

AUD/USD, “Australian Dollar vs US Dollar”

After finishing the descending wave at 0.6858 along with the correction up to 0.6915, AUDUSD is forming a new descending structure towards 0.6800. Later, the market may grow to return to 0.6858 and then resume trading downwards with the target at 0.6755.

Brent

Brent is still correcting down to 110.00. After that, the instrument may start another growth with the target at 116.85 or even extend this structure up to 123.00.

XAU/USD, “Gold vs US Dollar”

Gold is falling towards 1799.40. Later, the market may grow to reach 1812.40 and then resume trading downwards with the target at 1791.30.

S&P 500

The S&P index is still falling towards 3690.0. After that, the instrument may correct up to 3817.5 and then form a new descending wave with the target at 3620.0.

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.