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 extended the consolidation range to 1.0572. Today the pair may grow to 1.0616. After this level is reached, one more structure of decline to 1.0530 might develop. Then a correction to 1.0595 (a test from below) and a decline to 1.0460 might follow. The goal is first.

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

The currency pair completed a wave of decline to 1.1991. Today the market is completing a link of correction to 1.2057. After this level is reached, a decline to 1.1939 might follow. Then the quotes might correct to 1.2140 and fall to 1.1850. The goal is first.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair is correcting to 132.85. After this level is reached, a link of decline to 130.62 should follow. With a breakaway of this level, a pathway to 128.28 should open. The goal is first.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair completed a wave of growth to 0.9299. At the moment, the market is forming a consolidation range around this level. An escape upwards and trend continuation to 0.9366 are expected. The goal is first.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair completed a wave of decline to 0.6649. Today the market is correcting to 0.6696. After the correction is over, the wave of decline should continue to 0.6626, from where the trend might continue to 0.6500.

Brent

Crude oil completed a wave of growth to 84.16. Today the market completed a link of correction to 82.10. Growth to 85.55 should begin. After this level is reached, a link of correction to 83.40 is not excluded, followed by growth to 89.00. The goal is local.

XAU/USD, “Gold vs US Dollar”

Gold completed a wave of decline to 1784.78. Today the market might correct this wave to 1802.40. Then a decline to 1780.74, from where the trend might continue to 1770.00.

S&P 500

The stock index completed a wave of decline to 3763.0. Today the market is correcting to 3835.0. After the correction is over, a decline to 3732.0 is expected. The goal is local.

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.