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 forming a new consolidation range around 1.0202. According to the main scenario, the pair may break the range to the downside and start another decline to reach 1.0144. If later the price breaks this level as well, the market may continue moving within the downtrend with the target at 1.0008.

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

GBP/USD is still consolidating around 1.2000. Possibly, the pair may expand the range up to 1.2080 and then fall to break 1.1890. After that, the instrument may continue trading downwards with the target at 1.1692.

USD/JPY, “US Dollar vs Japanese Yen”

Having broken 136.58, USDJPY continues falling towards 135.21. Later, the market may correct to test 136.60 from below and then resume falling with the target at 133.86.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is still correcting. Today, the pair may fall towards 0.9588 and then resume trading upwards with the target at 0.9735, or even extend this structure up to 0.9927.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating around 0.6888. Possibly, today the pair may grow towards 0.6929 and then resume falling with the target at 0.6870, or even extend this structure down to 0.6822.

Brent

Brent is still correcting. Today, the asset may form a new descending structure towards 101.00 and then start another growth with the first target at 105.85, or even extend this structure up to 108.50.

XAU/USD, “Gold vs US Dollar”

Gold has reached the short-term upside target at 1738.60. Possibly, today the metal may start another correction to reach 1716.00, and then form one more ascending structure with the first target at 1750.56.

S&P 500

The S&P index has finished the ascending structure at 4012.5; right now, it is consolidating this around 3950.0. If later the price breaks the range to the upside, the market may resume growing with the target at 4100.0, at least; if to the downside – start a new correction towards 3868.7, and then form one more ascending structure to reach the above-mentioned target.

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.