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 continues forming a consolidation range around 1.0333. At the moment, the market has extended the range to 1.0496. Today the market has completed an impulse back to 1.0333 and is now forming a correction to 1.0411. With an escape from the range downwards a pathway down to 1.0174 will open. With an escape upwards, a pathway up to 1.0174 will form. Then the downtrend should continue.

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

The currency pair has completed a wave of decline to 1.1939. Today a link of growth to 1.2061 may form, followed by a decline to 1.1909. Practically, a wide consolidation range around 1.2030 is forming.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has formed an impulse of growth to 139.34. Today the market is forming an impulse of decline to 137.88, from where the trend might continue to 137.27. After this level is reached, a wave of growth to 139.85 may start.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a link of growth to 0.9499. Today an impulse of decline to 0.9434 is forming. Practically, the market is forming a wide consolidation range at these levels. With an escape downwards, a pathway to 0.9380 will open. With an escape upwards, a pathway up to 0.9588 will appear.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has formed a structure of a declining wave to 0.6641. Today the market is forming an impulse of growth to 0.6727. After this level is reached, a decline to 0.6684 is expected.

Brent

Crude oil has formed an impulse of growth to 84.59 and a correction to 83.19. Today the market continues growing to 89.52. After this level is reached, a decline to 85.00 will become possible.

XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 1747.17. At the moment, the market has extended the range down to 1737.77. Today a link of growth to 1756.55 is forming. Then a decline to 1747.17 is expected. With an escape from the range upwards, a pathway to 1775.00 will open. With an escape downwards, a pathway to 1720.00 will appear.

S&P 500

The currency pair has formed an impulse of decline to 3960.5. A structure of growth is forming today to 4014.4. With an escape from the range upwards, a pathway upwards to 4072.5 will open. With an escape downwards, a pathway to 3773.3 will appear.

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.