TRENDING:

XAU/USD

Silver

Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD is trading downwards to reach 1.1528. Later, the market may grow towards 1.1568, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may grow with the target at 1.1649; if to the downside – resume trading inside the downtrend towards 1.1383.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the consolidation range downwards. Possibly, today the price may reach 1.3060 and then grow towards 1.3158, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may trade upwards with the target at 1.3255; if to the downside – resume trading inside the downtrend towards 1.2950.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming the fourth correctional structure. Today, the pair may reach the first target at 0.9833 and then resume growing towards 0.9880.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 112.18. According to the main scenario, the pair may break the range upwards and reach the target at 113.10. After that, the instrument may resume falling with the first target at 111.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating. Possibly, today the price may fall towards 0.7090. If later the instrument breaks this range to the upside, the price may grow to reach 0.7220; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 66.26. If later the instrument breaks this range to the upside, the price may grow with the short-term target at 67.70; if to the downside – continue the correction towards 65.60.

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards; it has formed the reversal pattern at 1205.80, broken it upwards, and may continue growing with the short-term target at 1130.50. After that, the instrument may resume falling to reach 1205.80 and then start another growth towards 1250.00.

BRENT

Brent is forming the third descending wave; it has completed another consolidation range around 82.22 and broken it downwards. Possibly, the pair may return to test 82.22 from below and then resume falling with the short-term target at 79.11. Later, the market may be corrected to reach 82.22 once again and then start another decline towards the first target at 77.37.

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.