TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the descending wave at 0.9900, EURUSD is consolidating above this level. Possibly, the pair may grow to reach 1.0055 and then resume falling with the target at 0.9800.

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

After finishing the descending wave at 1.1717 and forming a new consolidation range above this level, GBPUSD is expected to correct up to 1.1919 and then resume trading downwards with the target at 1.1700.

USD/JPY, “US Dollar vs Japanese Yen”

Having completed the descending wave at 135.80 along with the correction up to 137.00, USDJPY is forming a new descending structure with the first target at 135.70.

USD/CHF, “US Dollar vs Swiss Franc”

After finishing the descending structure at 0.9603, USDCHF is correcting up to 0.9658. Later, the market may resume trading downwards with the short-term target at 0.9555.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the descending wave at 0.6855. Today, the pair may correct up to 0.6966 and then start another decline with the target at 0.6800.

Brent

Brent continues forming the ascending wave with the short-term target at 101.50. After that, the instrument may start a new correction towards 97.40 and then resume growing to reach 102.10.

XAU/USD, “Gold vs US Dollar”

After finishing the ascending wave at 1753.70, Gold is correcting down to 1742.24. Later, the market may form one more ascending structure with the target at 1757.30.

S&P 500

The S&P index has completed the descending wave at 4114.0. Possibly, today the asset may start a new pullback towards 4160.0, or even extend this correctional structure up to 4208.0. After that, the instrument may resume trading downwards with the target at 4090.0.

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.