TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having finished the ascending wave at 1.0086, EURUSD is forming a new consolidation range around this level. If later the price breaks the range to the upside, the market may start another growth to reach 1.0151, or even extend this structure up to 1.0219; if to the downside – resume moving within the downtrend with the target at 1.0018.

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

After completing the ascending wave at 1.1900, GBPUSD is expected to fall to break 1.1824 and then continue trading downwards to reach 1.1744. On the other hand, if the price grows and breaks 1.1900, the market may start another growth with the target at 1.2055.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending structure at 138.02 and may later grow towards 138.70, thus forming a new consolidation range between these two levels. If the price breaks the range to the upside, the market may resume growing with the target at 140.00; if to the downside – start a new decline to reach 136.66.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF is still falling towards 0.9727. After that, the instrument may resume trading upwards with the target at 0.9911.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.6817. Today, the pair may resume falling to reach 0.6762 and then start a new growth with the target at 0.6842. Later, the market may form another descending wave towards 0.6660.

Brent

Brent is still consolidating above 101.78. Possibly, the asset may form one more ascending structure towards 104.35, and then resume falling to return to 101.78. After that, the instrument may start another growth with the first target at 108.00.

XAU/USD, “Gold vs US Dollar”

Gold continues consolidating above 1700.27. If the price breaks the range to the upside, the market may resume growing with the target at 1767.44; if to the downside – start a new decline to reach 1688.15, and then form one more ascending structure towards the above-mentioned target.

S&P 500

The S&P index has finished the ascending structure at 3865.0; right now, it is consolidating this level. If later the price breaks the range to the upside, the market may resume growing to reach 4004.0. After that, the instrument may start a new decline to return to 3865.0 and then form one more ascending structure with the target at 4100.0.

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.