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 broken through 1.0475 upwards and continues growth to 1.0555. Upon reaching this level, a link of correction to 1.0430 is not excluded, followed by growth to 1.0590.

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

The currency pair has completed a wave of growth at 1.2306. Today the market may start correcting to 1.2200. With a breakaway of this level, a pathway down to 1.2100 will open, and then – growth to 1.2200.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a wave of decline to 134.87. The goal is local. Upon reaching this level, a correction to 137.37 may start, followed by a decline to 134.00.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a wave of decline to 0.9355. Upon reaching this level, a correction to 0.9444 may start, followed by a decline to 0.9300.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of growth to 0.6840. A wave of growth to 0.6753 may start, followed by growth to 0.6866.

Brent

Crude oil has completed a link of growth to 89.29. At the moment, the market is forming a consolidation range under this level. With an escape downwards, a pathway for a correction to 85.25 may open. Then growth to 90.00 may happen, after which one more correction to 85.00 may start.

XAU/USD, “Gold vs US Dollar”

Gold continues a wave of growth to 1805.40. Upon reaching this level, a decline to 1775.50 might happen, followed by growth to 1812.00.

S&P 500

The stock index has completed a wave of growth to 4105.5. At the moment, the market is forming a consolidation range under this level. A correctional decline to 4000.0 is expected. And with a breakaway of this level, a wave of decline to 3898.0 may happen.

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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.