TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

After finishing another ascending wave at 1.1815 and even extending the fifth structure towards 1.1849, EURUSD has returned to 1.1784; right now, it is consolidating around 1.1820. Possibly, today the pair may form one more ascending structure to reach the latter level or even break it. After that, the instrument may correct towards 1.1876. However, if the price breaks the range to the downside at 1.1780, the market may resume trading downwards with the target at 1.1660.

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

After failing to break 1.3060 to the downside on the first try, GBPUSD is consolidating in the middle of the range around 1.3100. Possibly, the pair may start another growth to reach 1.3140 and then resume falling with the short-term target at 1.2940.

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 73.93. Today, the pair may reach this level and then start a new correction towards 74.40. If later the price breaks the current range to the downside, the market may resume trading downwards to reach 71.90; if to the upside – form one more ascending structure with the target at 75.20.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY is still growing towards 106.27 and may later fall to reach 105.68, thus forming a new consolidation range between these two levels. If the price breaks the current range to the downside, the market may resume trading downwards to reach 104.90; if to the upside – continue the correction with the target at 106.60.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9111. Possibly, the pair may break this range to the upside and reach the short-term target at 0.9150. Later, the market may start a new decline to return to 0.9111 and then form one more ascending structure with the first target at 0.9165.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is still consolidating around 0.7173. Today, the pair may fall to break 0.7140 and then continue trading downwards with the short-term target at 0.7070.

BRENT

After breaking 45.60 to the upside, Brent is expected to reach 46.20. After that, the instrument may correct towards 45.15 and then resume trading upwards with the short-term target at 47.45.

XAU/USD, “Gold vs US Dollar”

Gold is still consolidating around 1934.55 and may fall towards the downside border at 1908.00. If later the price breaks this level, the market may resume trading downwards with the target at 1887.88 and then 1850.00. However, if this range is broken to the upside at 1944.44, the instrument may start another correction towards 1975.50 and then form a new descending structure to reach 1850.00.

BTC/USD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 11600.00. Possibly, today the pair may expand the range up to 11800.00 and then form a new descending structure to reach 11200.00 or even break it. After that, the instrument may continue the correction with the target at 11000.00 and then 10550.00.

S&P 500

After finishing the ascending wave at 3448.8, the S&P index is expected to correct towards 3413.7. Later, the market may resume moving upwards with the target at 3461.9.

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.