TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD continues to form a consolidation range around the 0.9790 level. An upside exit would open up the potential for a correction to 0.9873 with the prospect of an upside to 0.9966. An exit downwards would open up the potential to reach 0.9700.

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

GBP/USD continues to form a consolidation range around the 1.1300 level. With the exit from it upwards, we will consider the probability of continuation of correction to 1.1510. After the performance of this level, we expect the decline to 1.1330. Then the growth to the level of 1.1670.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is forming a consolidation range around 149.15. A move upwards from there would not exclude a wave extension to 150.10. A move downwards would open the potential to reach 147.90.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues to develop a consolidation range around the 0.9922 level. With an exit upwards, we expect a rise to 1.0236. An exit to the downside will open the potential for a decline to 0.9700.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues to develop a consolidation range around the 0.6300 level. An upside exit would open up the potential for growth to 0.6410. On the way down, a drop to 0.6200 is possible.

Brent

Brent continues to develop a consolidation range around the 90.50 level. Today, we expect a rise to 92.20. After this level is reached, consider the possibility of a decline to 90.50. Further - growth to the level of 100.20. The target is the first one.

XAU/USD, “Gold vs US Dollar”

Gold forms a declining pattern towards 1642.60. Next, consider the start of the development of a rise to 1683.55. The target is the first one.

S&P 500

The S&P index continues to develop a consolidation range around 3739.0. We expect growth to 3896.3. After this level, a correction to 3740.0 is not excluded. Then - growth to the level of 3983.3.

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.

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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.