TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having finished the ascending wave at 1.0200, EURUSD is correcting down to 1.0095. Later, the market may start another growth to reach 1.0230 and then resume moving within the downtrend with the target at 0.9830.

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

After completing the ascending wave at 1.2030, GBPUSD is expected to correct down to 1.1870. Later, the market may resume trading upwards to reach 1.2080 and then start another decline with the target at 1.1760.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is forming a new consolidation range above 137.90. If the price breaks the range to the upside, the market may resume growing with the target at 139.01; if to the downside – start a new decline to reach 136.61.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still falling towards 0.9727. After that, the instrument may resume trading upwards to break 0.9804 and then continue growing with the target at 0.9911.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.6848 along with the correction down to 0.6803. Today, the pair may resume growing to break 0.6886 and then continue trading upwards with the target at 0.6925. Later, the market may form a new descending wave towards 0.6660.

Brent

Having completed the ascending wave at 107.00, Brent is consolidating below this level. Possibly, the asset may break the range to the upside and form one more ascending structure towards 108.55. After that, the instrument may start another correction down to 103.80, and then resume growing with the first target at 112.00.

XAU/USD, “Gold vs US Dollar”

Gold continues consolidating around 1715.55. If the price breaks the range to the upside, the market may resume growing with the target at 1767.44; if to the downside – start a new decline to reach 1688.15, and then form one more ascending structure towards the above-mentioned target.

S&P 500

After rebounding from 3906.0, the S&P index is falling towards 3801.4 and may later extend this structure down to 3695.0. After that, the instrument may start a new growth to break 3900.0 and then continue trading upwards with the target at 4040.4.

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.