TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The pair is forming a consolidation range around 1.0500. With an escape upwards, the correction might continue to 1.0620, followed by a decline to 1.0220. With an escape downwards, a pathway directly to 1.0220 will open.

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

The pair is forming a consolidation range around 1.2222. With an escape upwards, a correctional pathway to 1.2502 will open. Then a decline to 1.2177 will become possible. And after this level is broken away as well, a pathway down to 1.1818 will open. With an escape from the range downwards, the trend might directly continue to 1.1818.

USD/JPY, “US Dollar vs Japanese Yen”

The pair is forming a consolidation range around 134.48. Today the pair might grow to 136.36 and fall to 133.50.

USD/CHF, “US Dollar vs Swiss Franc”

The pair keeps developing a consolidation range around 0.9690. With an escape downwards, a pathway to 0.9577 will open. Then growth to 0.9811 will become possible. And with a breakaway of this level upwards as well, growth to 1.0088 will become possible.

AUD/USD, “Australian Dollar vs US Dollar”

The pair is forming a consolidation range around 0.6935. With an escape downwards, a pathway to 0.6824 will open. With an escape upwards, a correction to 0.7000 will become possible. Then a decline to 0.6824 might follow.

Brent

Oil completed a correction at 113.30. Today the market is forming a consolidation range around this level. An escape upwards to 121.50 is expected. With a breakaway of this level upwards, too, the trend might continue to 129.60.

XAU/USD, “Gold vs US Dollar”

Gold is forming a consolidation range around 1835.95. A link of growth to 1866.00 is expected, followed by probably one more declining wave to 1772.27.

S&P 500

The stock index completed another declining wave to 3682.9. Today the market is forming a consolidation range around this level. A decline to 3500.0 is expected, followed by growth to 3850.0.

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.