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 escaped the consolidation range upwards and exhausted the whole potential of the wave of growth at 1.0670. Today the market is forming an impulse of decline to 1.0594. After this level is reached, growth to 1.0633 will become possible. Then a decline to 1.0540 will follow.

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

The currency pair escaped the consolidation range upwards to 1.2444. The whole potential of the wave of growth has been exhausted. Today an impulse of decline is expected to develop to 1.2283, followed by growth to 1.2362 and falling to 1.2260.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of decline to 134.70. Today a link of decline to 133.60 is not excluded. Then growth to 135.77 and a decline to 131.30 might follow.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has escaped the consolidation range downwards. The goal of the wave at 0.9230 has been reached. Today the pair may grow to 0.9310 and fall to 0.9272, growing next thing to 0.9373.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair escaped the consolidation range upwards and completed a wave of growth to 0.6891. Today a structure of a declining impulse to 0.6813 is forming. Next, growth to 0.6853 and a decline to 0.6755 should follow.

Brent

Crude oil is extending the structure of a wave of growth to 82.33. After this level is reached, a correction to 78.78 may follow. Then the pair should grow to 86.00, from where the trend may continue to 89.25. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold escaped the consolidation range upwards. The potential of a wave of growth to 1824.20 has been exhausted, and today the market is forming an impulse of decline to 1796.20. After this level is reached, a link of growth to 1820.20 might follow, and next – a decline to 1786.30.

S&P 500

The stock index broke through 3997.5 upwards and completed a wave of growth at 4147.0. Today the market has performed an impulse of decline to 3997.5. A link of correction to 4073.0 is not excluded. Then the stock index might fall to 3889.6, from where the trend might continue 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.