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 formed a consolidation range around 1.0410. With an escape upwards, a pathway for growth to 1.0445 will open. With an escape downwards, a link of correction to 1.0330 is not excluded, followed by growth to 1.0500.

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

The currency pair continues developing a consolidation range around 1.2100. With an escape upwards, a pathway up to 1.2170 will open. With an escape downwards, a link of decline to 1.1990 will open. Next, growth to 1.2200.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed an impulse of growth to 139.00 and a correction to 138.40. Practically, the market has set the borders for a consolidation range. With an escape upwards, a wave of growth to 139.66 will become possible. With an escape downwards, a pathway down to 137.66 will open.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range under 0.9440. With an escape upwards, a pathway to 0.9490 will open. With an escape downwards, a decline to 0.9380 is not excluded.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has formed a consolidation range around 0.6750. With an escape upwards, a pathway to 0.6818 will open. With an escape downwards, a link of correction to 0.6700 is not excluded, followed by growth to 0.6818.

Brent

Crude oil continues developing a consolidation range around 85.00. With an escape upwards, a pathway of correction to 89.50 will open. With an escape downwards, a link of decline to 81.18 is not excluded, followed by growth to 89.55.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range around 1752.30. With an escape upwards, a pathway to 1765.80 will open. With an escape downwards, a link of correction to 1746.00 is not excluded, followed by growth to 1775.00, from where the trend may continue to 1784.84.

S&P 500

The stock index has got support at 3997.7 and suggests considering extension of the structure of growth to 4063.0. After this level is reached, a decline to 3997.7 might follow, and then growth to 4090.4, falling to 3934.0, and then possibly - to 3777.7.

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.