TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has completed the correction to test 0.9903 from below. Today, the pair may continue trading downwards with the target at 0.9785. After that, the instrument may form one more ascending structure towards 0.9833 and then start a new decline to reach 0.9760.

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

Having finished the correctional wave at 1.1344, GBPUSD is falling towards 1.1140. Later, the market may start another correction up to 1.1235 and then resume trading downwards with the target at 1.1112.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 145.88 along with the descending impulse towards 141.86, USDJPY is consolidating around the latter level. Possibly, the pair may break the range to the downside and reach 137.79. Later, the market may start a new growth with the target at 149.17.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9844, USDCHF is consolidating below it. Possibly, the pair may resume trading upwards to reach 0.9647 and then start another growth with the short-term target at 1.0048.

AUD/USD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6669, AUDUSD is consolidating there. Possibly, the pair may break the range to the downside and resume trading downwards with the target at 0.6555.

Brent

Brent is still consolidating above 90.00. Today, the asset may fall towards 88.90 and then resume growing to break 93.00 and then continue trading upwards with the short-term target at 97.40.

XAU/USD, “Gold vs US Dollar”

Gold is consolidating around 1670.00. Possibly, the metal may form a new ascending wave towards 1690.00 and then resume falling to reach 1650.50. After that, the instrument may start another growth with the target at 1700.00.

S&P 500

The S&P index is consolidating around 3785.0. Today, the asset may break the range to the downside and resume falling towards 3673.0. Later, the market may start a new correction with the target at 3916.0.

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.