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 developing a consolidation range around 1.0542 without any bright trend. Today a link of decline to 1.0480 followed by growth to 1.0540 should be expected. With an escape from the range upwards, the pair may proceed to 1.0650. With an escape downwards, a pathway down to 1.0390 will open.

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

The currency pair continues developing a consolidation range around 1.2240 without any bright trend. With an escape upwards, growth to 1.2340 is not excluded. With an escape downwards, a decline to 1.2183 might happen, from where the wave might extend to 1.2161.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 137.80. Today a link of decline to 136.95 is not excluded. Next, the pair may grow to 138.10 and fall to 135.86.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues forming a consolidation range around 0.9342. Today it has completed a link of growth to 0.9378. A link of decline to 0.9342 is expected. With an escape from the range downwards, a decline to 0.9300 is not excluded. With an escape upwards, a pathway to 0.9460 will open.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues developing a consolidation range around 0.6777 without any bright trend. With an escape upwards, a pathway up to 0.6811 may open. With an escape downwards, a pathway to 0.6710 may appear. Next, growth to 0.6840 should follow.

Brent

Crude oil has completed a structure of a wave of growth to 78.78. At the moment, the market is forming a consolidation range around this level. Today growth may continue to 82.33. Then a decline to 78.78 might follow, and then - growth to 86.00, from where the trend may continue to 89.25. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold has completed the structure of the second impulse of decline to 1777.44. Today a link of growth to 1788.00 might follow, and next - a decline to 1766.80. After this level is reached, growth to 1790.00 should begin.

S&P 500

The stock index continues developing a correction to 3997.5. After this level is reached, a decline to 3890.0 may happen. The goal is first. And then a correction for this whole wave of decline to 3997.0 is expected.

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.