TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The currency pair completed a wave of growth towards 1.1785. Today the market is correcting to 1.1747, after which we expect growth to 1.1797. The price can even leap up to 1.1830, after which a wave of decline to 1.1700 might start.

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

The currency pair is trading in a consolidation range around 1.3800. Today, it might extend to 1.3859, then correct to 1.3800 again. After the correction, we expect the price to grow to 1.3911.

USD/RUB, “US Dollar vs Russian Ruble”

The currency pair keeps forming a consolidation range around 76.00. The range might then extend to 76.70. Then the price might drop to 75.10 (at least), after which growth to 77.50 should follow.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair is forming a consolidation range above 110.51. The main scenario is a downward correction to 110.08, followed by growth to 111.44.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair is trading in a consolidation range around 0.9444 without any bright trend. Today, the price might drop to 0.9371. After which growth to 0.9520 might follow.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has performed a decline to 0.7535. At the moment, the market is correcting to 0.7600. After the end of the correction, we expect a decline to 0.7454.

Brent

Oil keeps developing a consolidation range around 64.00. Today the range should extend to 65.52, after which the price is expected to drop to 60.00.

XAU/USD, “Gold vs US Dollar”

Gold is trading in a consolidation range around 1720.00. Today, growth might continue to 1755.73, followed by a decline to 1720.00. With an escape from this range upwards, potential for growth to 1815.00 will appear. The goal is local.

S&P 500

The index has completed a wave of growth to 4040.4. Today, we expect a consolidation range to develop above this level. With an escape downwards, a correction to 3946.7 might happen. Then growth should continue to 4160.0.

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.