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 decline to 1.0290. Getting support at this level, the market has performed a link of growth to 1.0440. Today a consolidation range might form around this level. With an escape upwards, a pathway up to 1.0590 will open. With an escape downwards, the pair may drop to 1.0365 and then grow to 1.0550.

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

The currency pair has completed the wave of decline at 1.1900. Today the market has completed a link of growth to 1.2077. A consolidation range is expected to form around this level. With an escape upwards, a pathway to 1.2250 will open. With an escape downwards, the pair might decline to 1.2002 and then grow to 1.2200.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has formed a wave of growth to 139.86. Bouncing off this level downwards, the market continues yet another wave of decline. At the moment, it has completed a structure of decline to 137.31 and a pattern of declining by the trend around this level. The wave is expected to continue to 134.87. The goal is local.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of decline to 0.9440. At the moment, the market is forming a consolidation range around this level. With an escape downwards, a pathway down to 0.9355 will open. With an escape upwards, a link of growth to 0.9477 is not excluded, followed by a decline to 0.9377.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has broken through a consolidation range upwards and suggests growing to 0.6838. Then a decline to 0.6577 (a test from above) and growth to 0.6855 should follow.

Brent

Crude oil has completed a link of growth to 87.34. At the moment, the market is forming a narrow consolidation range under this level. We expect an escape upwards and continuation of the wave of growth to 90.00, followed by a correction to 85.00.

XAU/USD, “Gold vs US Dollar”

Gold got support at 1745.00 and completed a link of growth to 1763.83. At the moment, the market has broken through this level with a pattern of growth continuation. The goal of the growth is 1782.20. After this level is reached, a link of correction to 1763.83 and growth to 1790.34 are not excluded.

S&P 500

The stock index got support at 3940.5 and started developing a structure of growth to 4100.0. After this level is reached, a wave of decline to 3897.5 might start.

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.