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 formed the first impulse of decline to 1.0592. Today the market might correct to 1.0684. Practically, the pair is forming a consolidation range at these levels. The main scenario suggests breaking away the lower border of this channel. With an escape downwards, a pathway to 1.0515 will open, from where the trend may continue to 1.0460. The goal is first.

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

The currency pair has completed an impulse of decline to 1.2158. A link of correction to 1.2316 is not excluded today. After the correction is over, a new structure of decline to 1.2020 might develop. The goal is local.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a consolidation range around 136.10. At some point, the market expanded the range to 138.13, and today the pair is forming a structure of decline to 136.60. Then growth to 137.40 and falling to 134.60 may follow. The goal is first.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair completed an impulse of growth to 0.9310. Today a correction to 0.9240 is forming. After the correction is over, a wave of growth to 0.9350 might start forming, from where he wave may continue to 0.9370. The goal is first.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair completed the second impulse of decline to 0.6677. Today a link of correction to 0.6777 is not excluded. Then a decline to 0.6660 might follow. The goal is first.

Brent

Brent is continuing the link of correction to 79.90. When it is over, a structure of growth to 84.64 should follow, from where the trend might continue to 89.25. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold completed a wave of decline to 1784.55. Presently, the market is forming a consolidation range around this level. An escape downwards and continuation of the wave to 1756.55 might follow. The goal is local.

S&P 500

The currency pair broke through 3913.8 downwards. Today a consolidation range if forming around this level. A link of decline to 3757.5 might follow, from where the wave might continue to 3680.0. The goal is first.

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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.