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 ascending wave at 1.0025, EURUSD is correcting down to 0.9933 and may later grow to reach 0.9988, thus forming a new consolidation range. If the price breaks this range to the downside, the market may start another decline with the target at 0.9800; if to the upside – resume trading upwards to reach 1.0044.

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

GBPUSD is still consolidating around 1.1800. Possibly, the pair may grow towards 1.1888 and then resume trading downwards with the target at 1.1700.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating around 136.60. Today, the pair may fall towards 136.20 and then form one more ascending structure to test 136.60 from below. After that, the instrument may resume trading downwards with the target at 134.66.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9646 without any specific direction. Possibly, today the pair may fall towards 0.9600. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 0.9715; if to the downside – start a new correction to reach 0.9515.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending wave at 0.6970; right now, it is consolidating there. Today, the pair may start another decline with the target at 0.6868.

Brent

After reaching its upside target at 102.40 and then forming a new consolidation range below this level, Brent has broken it downwards. Possibly, the asset may continue the correction down to 97.40 and then start a new growth with the target at 102.85.

XAU/USD, “Gold vs US Dollar”

After finishing the ascending wave at 1765.40, Gold is expected to correct down to 1750.40, at least. Later, the market may form one more ascending structure with the target at 1772.44.

S&P 500

Having rebounded from 4150.0, the S&P index is growing towards 4208.0 and may later fall to reach 4157.9, thus forming a new consolidation range. If the price breaks this range to the downside, the market may start another decline with the target at 4000.0; if to the upside –resume trading upwards to reach 4300.0.

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.