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 has completed a structure of a declining wave to 1.0222. Today a link of correction to 1.0277 is not excluded (a test from below). Then falling to 1.0160 should follow. from where the wave might continue to 1.0111. The goal is local.

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

The currency pair has completed a wave of decline to 1.1777 and a correction to 1.1863. Today another decline to 1.1777 is expected. And with a breakaway of this level downwards, the wave might continue to 1.1588. The goal is local. After this level is reached, correction to 1.1777 might develop.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has performed a wave of growth to 142.07. Today the market is forming a consolidation range around this level. Expansion of the range to 142.55 is not excluded, followed by falling to 139.94 and growth to 144.66.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9595. After this level is reached, a link of correction to 0.9555 is not excluded, followed by growth to 0.9606.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6585. After this level is reached, a link of correction to 0.6690 is not excluded, followed by a decline to 0.6555.

Brent

Crude oil has extended the structure of decline to 82.42. Today the market is forming a link of growth to 89.42, and after this level is reached, another link of decline to 81.00 is not excluded, followed by growth to 89.44.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of a wave of decline to 1732.48. Today a link of correction to 1748.22 is not excluded, followed by a decline to 1728.30, from where the wave might continue to 1710.50.

S&P 500

The stock index continues forming a consolidation range around 3959.9. Today a wave of decline may continue to 3873.7. The goal is first. Then a correction to 3959.0 and a decline to 3777.7 should follow.

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.