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 a declining impulse to 1.0596. Today the market is forming a consolidation range around this level. The range is expected to expand to 1.0573. Then growth to 1.0596 and a decline to 1.0530 should follow. The goal is local.

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

The currency pair demonstrated a declining impulse to 1.2170. Today the market is forming a consolidation range around this level. A link of correction to 1.2316 is not excluded. After the correction is over, another structure of decline to 1.2020 may from. The goal is local.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair demonstrated a structure of decline to 136.06. At the moment, the market is forming a consolidation range around this level. A decline to 134.60 is expected. The goal is local.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair demonstrated an impulse of growth to 0.9345. Today a link of correction to 0.9304 is not excluded. After the correction is over, a wave of growth to 0.9355 should begin, from where the wave should continue to 0.9390. The goal is first.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair demonstrated a second impulse of decline to 0.6677. Today the market is forming a consolidation range around this level. The range is expected to expand to 0.6660. Then growth to 0.6700 and a decline to 0.6555 should follow. The goal is local.

Brent

Crude oil completed a wave of correction to 78.78. Today a structure of growth to 83.38 should develop. With a breakaway of this level, a pathway to 92.55 will open. The goal is local.

XAU/USD, “Gold vs US Dollar”

Gold completed a wave of correction to 1796.25. The whole structure is interpreted as a consolidation range around 1784.50. Today a new structure of decline to 1775.75 should form. With a breakaway of this level, a pathway down to 1756.56 will open. The goal is local.

S&P 500

The stock index continues forming a consolidation range around 3876.0. With an escape from the range downwards, a pathway to 3757.5 will open. Then growth to 3876.0 and a decline to 3681.0 should be expected. 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.