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 1.0240, EURUSD is consolidating there. If later the price breaks the range to the upside, the market may form one more ascending wave towards 1.0306; if to the downside – resume falling with the target at 1.0145, or even extend this structure down to 1.0080.

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

After finishing the descending wave at 1.2130, GBPUSD is consolidating around this level. If later the price breaks the range to the upside, the market may start another growth towards 1.2197; if to the downside – resume trading downwards with the target at 1.1990.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 132.30; it has already expanded the range up to 133.85. Possibly, today the pair may fall towards the downside border at 130.80 and then return to test 132.30 from below. After that, the instrument may start a new decline with the target at 129.15.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending structure with the short-term target at 0.9449 along with the correction down to 0.9400, USDCHF is expected to start another growth to reach 0.9464.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating below 0.7140. Possibly, the pair may resume falling with the target at 0.7070, or even extend this structure down to 0.7000.

Brent

After finishing the ascending structure at 101.11 along with the descending wave towards 99.00, Brent has formed a new consolidation range around the latter level. Today, the asset may break the range to the downside and resume trading downwards with the target at 96.96.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating below 1807.70. Possibly, today the metal may break the range to the downside and correct to test 1751.30 from above. Later, the market may resume trading upwards with the target at 1822.40.

S&P 500

The S&P index has formed the consolidation range around 4247.0. If later the price breaks the range to the upside, the market may form one more ascending structure towards 4289.9; if to the downside – start a new decline with the target at 4180.0, or even extend this structure down to 4080.0.

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.