TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has finished the descending wave at 1.0080; right now, it is consolidating around this level. If later the price breaks the range to the downside, the market may resume falling towards 1.0020; if to the upside – start another correction with the target at 1.0140.

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

After completing the descending wave at 1.1906, GBPUSD is forming a new consolidation range around this level. If later the price breaks the range to the downside, the market may resume trading downwards to reach 1.1877; if to the upside – start a new correction with the target at 1.1955.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the ascending wave at 136.36; right now, it is consolidating around this level. If later the price breaks the range to the upside, the market may resume growing towards 137.47; if to the downside – start another correction with the target at 134.00.

USD/CHF, “US Dollar vs Swiss Franc”

After completing the ascending wave at 0.9555 and forming a new consolidation range around this level, USDCHF has broken it upwards and may soon continue growing towards 0.9610. Later, the market may fall to return to 0.9555 and then form one more ascending structure with the target at 0.9625.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the descending wave at 0.6885; right now, it is consolidating there. Today, the pair may break the range to the downside and start a new decline with the target at 0.6834, or even extend this structure down to 0.6814.

Brent

Having formed a new consolidation range around 95.95 and breaking it upwards, Brent continues growing to reach 100.20. After that, the instrument may start another correction down to 96.00 and then resume trading upwards with the target at 101.11.

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending wave at 1757.33; right now, it is consolidating there. If later the price breaks the range to the downside, the market may resume falling towards 1743.83; if to the upside – form one more ascending structure with the target at 1777.00.

S&P 500

The S&P index is falling towards 4248.4. After that, the instrument may start a new correction up to 4288.0 and then resume falling with the short-term target at 4161.0.

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.