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 1.0709. Today a consolidation range may form above this level. A link of growth to 1.0757 and a decline to 1.0699 should follow. After this level is reached, a link of correction to 1.0791 is not excluded, followed by a decline to 1.0642. The goal is local.

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

The currency pair has completed a wave of decline to 1.2005. At the moment, a consolidation range has formed above this level. Today the market may extend the range to 1.2060. Then a decline to 1.1988 is not excluded. And then a link of correction to 1.2100 may be expected. After the correction is over, a link of decline to 1.1945 should happen.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 132.89. Today a link of decline to 131.91 should follow. Then a link of growth to 134.60 might be expected. The goal is local.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9289. Today the market is forming a link of decline to 0.9257. Then growth to 0.9300 should follow. Next, a link of correction to 0.9240 is not excluded. After the correction is over, growth should continue to 0.9370, from where the wave might extend to 0.9400.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of decline to 0.6855. Today a correction to 0.6966 should follow. Then a decline to 0.6860 might happen. And with a breakaway of this level, a pathway down to 0.6777 should follow.

Brent

Brent has completed a wave of decline to 79.00. Today a wave of growth to 84.00 may follow. Then we should expect a correction to 81.40 and growth to 88.88. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of a declining wave to 1859.77. Today a link of growth to 1882.82 should follow. Then we expect a decline to 1855.55 and a correction to 1888.88. After the correction will be over, the wave of decline should continue to 1820.00.

S&P 500

The stock index has completed an impulse of decline to 4095.0. Today a link of correction to 4131.0 is expected. After the correction will be over, a decline to 4080.0 might follow. And with a breakaway of this level, a pathway down to 3980.0 should open. 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.