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 might demonstrate a structure of decline to 1.0835. Today the market has developed a structure of growth to 1.0892. At the moment, the market is forming a consolidation range around this level. With an escape upwards, the price might leap up to 1.0940. With an escape downwards, the wave of growth might continue to 1.0760.

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

The currency pair has performed a new structure of decline to 1.2263. Today the market has developed an impulse of growth to 1.2313. At the moment, the market is forming a consolidation range around this level. With an escape upwards, a structure of growth to 1.2368 may form, from where the wave might develop to 1.2455. With an escape downwards, a pathway for a wave of decline to 1.2085 will open.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a consolidation range around 130.00. The range today might extend to 131.24. Then a wave of decline to 125.35 might start.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has performed a link of growth to 0.9273. Today a wave of decline to 0.9040 might start, and then growth to 0.9400 should follow.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues developing a wave of growth to 0.7111. After this level is reached,a wave of decline to 0.6875 should start.

Brent

Brent has performed a correction to 87.15. Another structure of decline to 85.45 might follow. Then the pair should grow to 90.30, from where the wave might extend to 93.00.

XAU/USD, “Gold vs US Dollar”

Gold has corrected to 1917.15 and has developed a link of growth to 1939.59. Today the market continues developing a structure of decline to 1928.33. Practically the market continues developing a consolidation range around this level. With an escape upwards, the price might grow to 1949.60. With an escape downwards, a pathway to 1888.88 should open.

S&P 500

The stock index continues forming a consolidation range around 4000.0. With an escape upwards, a link of growth to 4050.0 is not excluded. With an escape downwards, a wave of decline to 3855.5 should start. The goal is first.

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.