TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After breaking the consolidating range to the upside and reaching the short-term target at 1.0366, EURUSD is correcting downwards. Possibly, the pair may test 1.0270 from above and then form one more ascending wave with the target at 1.0404.

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

Having broken the consolidation range to the upside and reaching the short-term target at 1.2255, GBPUSD is correcting down to 1.2158. After that, the instrument may form one more ascending wave with the target at 1.2311.

USD/JPY, “US Dollar vs Japanese Yen”

After breaking the consolidation range to the downside and reaching the short-term target at 132.32, USDJPY is correcting up to 133.34. Later, the market may resume trading downwards to reach 131.50.

USD/CHF, “US Dollar vs Swiss Franc”

Having formed a new consolidation range around 0.9528 and reaching the short-term target at 0.9404, USDCHF is expected to correct up to 0.9520. After that, the instrument may resume trading downwards to reach 0.9388.

AUD/USD, “Australian Dollar vs US Dollar”

After breaking the consolidation range to the upside and reaching the short-term target at 0.7103, AUDUSD is correcting down to 0.7022. Later, the market may start another growth to reach 0.7127.

Brent

Brent has finished the descending structure at 94.90 along with the ascending wave to test 98.80 from below. Today, the asset may resume falling towards 93.00 and then form one more ascending structure with the target at 99.00.

XAU/USD, “Gold vs US Dollar”

After forming a new consolidation range around 1774.66 and expanding it up to 1807.70, Gold has almost reached the short-term upside target. Possibly, today the metal may correct to return to 1774.66, or even extend this structure to test 1750.00 from above. Later, the market may resume trading upwards with the target at 1822.40.

S&P 500

After forming a new consolidation range around 4140.0 and expanding it up to 4222.2, The S&P index has almost completed the ascending wave. Possibly, the asset may form another consolidation range at the highs. Later, the market may break the range to the downside and resume trading downwards with the target at 3919.0.

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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.