TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The quotations are forming a wide consolidation range around 1.1560. Today the range can extend to 1.1480. Then a link of growth to 1.1560 might happen, followed by a decline to 1.1407. The goal is local.

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

The currency pair is forming a consolidation range around 1.3515. Today a decline to 1.3333 might happen. The goal is local. After this level is reached, a wave of correction to 1.3515 might follow (a test from below). Then a decline to 1.3220 might happen.

USD/RUB, “US Dollar vs Russian Ruble”

The currency pair performed a wave of growth to 72.22 and a correction to 71.20. Today a link of growth to 71.80 might happen. After a breakaway of this level upwards, we expect further growth to 72.70. The aim is main.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair performed a wave of decline to 113.30. Today the market performed a link of correction to 113.65 (a test from below). We expect another decline to 113.06. With a breakaway of this level downwards, the pair might reach 112.80. The goal is local.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair keeps forming a consolidation range around 0.9120. Today the range might extend downwards to 0.9103. Then we expect a link of growth to 0.9140. Next thing, a link of decline to 0.9080 might follow. After this level is reached, a new wave of growth to 0.9155 might start. With a breakaway of this level upwards as well, the trend might continue to 0.9250.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is forming a consolidation range around 0.7393. The main scenario today is further development of the declining wave to 0.7360. With a breakaway of this level downwards, the level of 0.7317 might be reached. The goal is local.

Brent

Oil has created a consolidation range around 82.00. At a point, the market extended the range to 84.00. Another structure of decline might bring the price to 79.00. The goal is local. After this level is reached, the price might correct to 82.00 (a test from below). Then the price might drop to 77.55.

XAU/USD, “Gold vs US Dollar”

Gold performed a wave of growth to 1810.84. Today the market is forming a consolidation range above this level. We expect a link of correction to 1800.00 (at least). At best, the market can correct to 1785.00. After the correction is over, the wave of growth might continue to 1833.90.

S&P 500

The stock index performed a wave of growth to 4720.2. At a moment, the market demonstrated a momentum of decline to 4682.0 and a correction to 4700.0. Today the wave of decline should continue to 4655.5, followed by growth to 4680.0 and a decline to 4625.0. The goal is first.

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.