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 correction to 1.0644. Today a structure of decline is forming to 1.0475. The goal is local. After this level is reached, a new correction to 1.0705 might develop, followed by a decline to 1.0380.

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

The currency pair has completed a wave of correction to 1.2142. Today a structure of decline to 1.1968 is forming. After this level is reached, a link of correction to 1.2050 is not excluded, followed by a decline to 1.1880. And with a breakaway of this level, a pathway to 1.1818 should open.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has corrected to 135.72. Today the market goes on growing to 137.14. After this level is reached, a link of correction to 135.75 is not excluded, followed by growth to 137.55.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has corrected to 0.9341. Today we expect growth and escape from the consolidation range. The local goal is 0.9512. After this level is reached, a link of correction to 0.9333 is not excluded, followed by growth to 0.9580.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of a declining wave to 0.6697. Today the market has corrected to 0.6759. Practically, a consolidation range has formed at these levels. With an escape upwards, a link of correction to 0.6808 is not excluded. With an escape downwards, a pathway to 0.6645 should open.

Brent

Brent has completed a wave of growth to 83.88 and a correction to 82.82. Today a wave of growth might develop to 84.26, followed by a correction to 82.82 and growth to 84.90. The goal is local.

XAU/USD, “Gold vs US Dollar”

Gold has completed a link of correction to 1832.86. Today a structure of decline to 1816.00 is expected. After this level is reached, a link of growth to 1825.75 is not excluded, followed by a decline to 1788.10.

S&P 500

The stock index has completed a link of decline to 3952.0. Today a link of growth to 3990.0 is expected, followed by a decline to 3924.0, from where the wave might develop to 3900.0.

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.