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 completed a wave of decline to 1.0837. Today the market is correcting to 1.0883. After the correction is over, a decline to 1.0810 will become possible. Then a consolidation range should form around this level, from which the price should escape to 1.0795. The goal is local.

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

The currency pair has completed an impulse of decline to 1.2344. Today a correction to 1.2415 might follow. After the correction is over, the pair may drop to 1.2340. With a breakaway of this level downwards, the wave might extend to 1.2262. The goal is local.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues forming a consolidation range around 130.00. Today a decline to 128.50 should happen. Then growth to 129.50 and a decline to 128.30 should follow.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair is forming a consolidation range around 0.9219. A link of decline to 0.9191 is not excluded. Then the pair should grow to 0.9250, from where the growth might continue to 0.9277.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues developing a structure of decline to 0.7070. With a breakaway of this level downwards, a pathway for a wave to 0.7000 will open. The goal is local.

Brent

Brent continues correcting to 85.00. Today this wave of decline might end and a new wave of growth to 90.30 might start, from where it might extend to 93.00. Then a correction to 88.98 should follow.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of decline to 1916.58 and a link of growth to 1934.40. Today the market might develop one more structure of decline to 1918.00. And with a breakaway of this level downwards, a pathway down to 1900.00 will open. The goal is local.

S&P 500

The stock index has formed a link of growth to 4095.0. Today it might decline to 3999.0. After this level is reached, a correction to 4030.0 might start, followed by a decline to 3800.0. The goal is local.

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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.