TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD continues falling towards 1.0749 and may later start a new correction to reach 1.0835. After that, the instrument may resume trading downwards with the target at 1.0730 or even extend this structure down to 1.0700.

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

Having formed a new consolidation range around 1.3016, GBPUSD is breaking it to the downside and may later continue falling towards 1.2948. After that, the instrument may start another correction to test 1.3016 from below and then form a new descending structure with the target at 1.2890.

USD/JPY, “US Dollar vs Japanese Yen”

After forming a new consolidation range around 126.50 and breaking it to the upside, USDJPY is expected to continue growing towards 128.18. Later, the market may start another correction with the target at 126.66.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has broken 0.9455 and may later continue growing towards 0.9480. After that, the instrument may correct to reach 0.9385 and then form one more ascending structure with the target at 0.9500.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the descending wave at 0.7342. Possibly, today the pair may correct to reach 0.7377 and then resume moving downwards with the target at 0.7338.

Brent

Brent is consolidating around 112.50. Possibly, the asset may break the range to the upside and reach 117.50. Later, the market may fall to return to 112.50 and then resume moving within the uptrend with the target at 118.25.

XAU/USD, “Gold vs US Dollar”

Gold has completed the correctional wave at 1978.00; right now, it is consolidating there. Possibly, the metal may break the range to the downside and continue the correction down to 1958.60. Later, the market may resume growing with the target at 2013.00.

S&P 500

Having finished the correction at 4410.0, the S&P index is expected to resume falling towards 4314.8. After that, the instrument may start another correction to reach 4455.5 and then resume trading downwards with the target at 4270.0.

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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.