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 decline to 1.1901. Today the market is trading in a structure of declining to 1.1820, after which growth to 1.1867 should follow. Then another wave of declining to 1.1806 is likely to develop.

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

The currency pair keeps developing another declining wave to 1.3690. Upon reaching this level, the price should form a link of correction to 1.3804 and then develop another declining wave to 1.3600.

USD/RUB, “US Dollar vs Russian Ruble”

The currency pair has completed growth to 77.77. Today we expect another wave of decline to 76.35 to develop, followed by a correction to 77.22, then a decline to 75.26.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair keeps forming a consolidation range around 109.73. With an escape upwards, it might correct to 110.39. With an escape downwards, the downtrend might continue to 108.60.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a structure of a declining wave to 0.9300. Today the market is trading in a consolidation range around this level. With an escape upwards, it might grow to 0.9393. With an escape downwards, the trend might continue to 0.9200.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is trading in a consolidation range under 0.7655. With an escape downwards, it might further decline to 0.7454. Then growth to 0.7655 should follow.

Brent

Oil keeps developing a consolidation range around 63.00 with no clear trend. Today the decline might continue to 60.00. After this level is reached, a wave of growth to 65.50 should start.

XAU/USD, “Gold vs US Dollar”

Gold keeps developing a wave of growth to 1755.73. At the moment, the market is forming a consolidation range around 1735.00. We expect an escape upwards and trend continuation to 1755.73. After this level is reached, a link of correction to 1720.20 should follow. Then we expect growth to 1900.00.

S&P 500

The stock index has formed a consolidation range around 4077.3. Today the market is escaping it upwards. Practically, a potential for growth to 4160.3 appears. The goal is local. After this level is reached, we expect a wave of decline towards 3860.0 to start.

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.