TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After completing the ascending wave at 0.9872 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 0.9990 and may later start a new decline to return to 0.9872. After that, the instrument may form one more ascending structure towards 1.0010 and then resume trading downwards with the target at 0.9744.

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

GBP/USD has finished the ascending structure at 1.1446. Today, the pair may resume trading downwards with the target at 1.1245, or even extend this wave down to 1.1000.

USD/JPY, “US Dollar vs Japanese Yen”

Having completed the descending wave at 143.53, USDJPY is expected to resume growing towards 144.66. Later, the market may start another decline with the target at 144.00.

USD/CHF, “US Dollar vs Swiss Franc”

After reaching 0.9948 and then finishing the correction down to 0.9797, USDCHF is expected to form one more ascending wave with the target at 0.9999.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is consolidating around 0.6500. If later the price breaks the range to the upside, the market may start a new growth towards 0.6600; if to the downside – resume trading downwards with the target at 0.6400.

Brent

After finishing the ascending wave at 91.50 and forming a new consolidation there, Brent has broken it to the upside. Possibly, today the asset may continue trading upwards to reach 94.83. Later, the market may correct down to 91.50 and then form one more ascending structure with the target at 97.30.

XAU/USD, “Gold vs US Dollar”

After completing the ascending wave at 1728.08, Gold is expected to correct with the first target at 1694.21 and may later grow towards 1710.50. After that, the instrument may resume trading downwards to reach 1690.00, or even extend this structure down to 1660.00.

S&P 500

Having finished the ascending wave at 3794.0, the S&P index is expected to start a new decline to break 3666.6 and then continue falling with the target at 3500.0.

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.