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 escaped the consolidation range upwards and reached a local target of 1.0693. A link of decline to 1.0633 is not excluded today. Then a structure of growth to 1.0700 might develop. After this level is reached, the wave of growth will be exhausted. Then a wave of decline to 1.0570 should start.

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

The currency pair continues developing a link of growth. Today it might reach 1.2044. After that, a wave of decline to 1.1920 should start. With a breakaway of this level, a pathway to 1.1733 should open.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a consolidation range around 135.90. With an escape upwards, a pathway to 136.90 will open, from here the wave should continue to 137.55. After this level is reached, a wave of decline to 135.90 should start.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a correction to 0.9234. After it is over, the wave of growth should continue to 0.9440.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of a wave to 0.6694 and a link of growth to 0.6717. Practically, a consolidation range is forming above 0.6694. An escape from the range downwards to 0.6645 is expected, from where the range might continue to 0.6605. The target is local.

Brent

Brent has completed a wave of growth to 86.15. Today the market is forming a consolidation range around this level. With an escape downwards, a link of correction to 84.90 is not excluded. With an escape upwards, a pathway upwards to 87.87 should open, from where the wave might develop to 89.77. The target is local.

XAU/USD, “Gold vs US Dollar”

Gold is developing a consolidation range around 1849.40. With an escape downwards, a pathway for a wave of correction to 1840.20 should open. Then a link of growth to 1863.20 should form. And then a wave of decline to 1830.00 should begin.

S&P 500

The stock index is forming a link of correction to 4095.5. After this level is reached, a decline to 3940.0 should start, from where the wave should continue to 3788.0.

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.