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 1.0729. At the moment, a consolidation range is forming around this level. We expect the price to escape the range downwards and go on developing the wave to 1.0620. The target is local. After the quotes reach this level, a link of growth to 1.0670 might follow, after which we might see a decline to 1.0515.

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

The currency pair has completed a structure of growth to 1.2283. Today the market is forming a consolidation range under this level. With an escape from the range downwards, a wave of decline might develop to 1.2140. Next, we might see growth to 1.2210 and a decline to 1.2010.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair is forming a consolidation range around 130.96. If the price escapes the range downwards, it might decline to 130.50. And if the price escapes the range upwards, a link of growth to 132.20 might develop. After this level is reached, a structure of decline to 131.31 might develop. Then growth to 132.50 might follow.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range above 0.9266. The range might extend downwards to 0.9222. Then growth to 0.9358 and a link of decline to 0.9266 (a test from above) might follow. After the price reaches this level, it might grow to 0.9400.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of a wave of growth to 0.6728. Today the market continues forming a consolidation range under this level. We expect the price to escape it downwards and continue the decline to 0.6645, from where the wave might develop a further decline to 0.6565.

Brent

Brent continues developing a consolidation range around 72.80. Then it might grow to 75.50. After the quotes reach this level, it might form a link of correction to 72.80. Then growth to 78.40 should follow.

XAU/USD, “Gold vs US Dollar”

Gold quotes have extended the consolidation range upwards to 2009.00. Today the market has declined to the lower border of the range at 1970.00. We then escape the price to escape the range downwards to 1940.00, from where the range might continue developing to 1893.40.

S&P 500

The stock index continues developing a consolidation range around 3905.5. Today the consolidation range might extend to 4000.0. Then a decline to 3800.0 might follow. And when this level breaks, the wave might continue to 3600.0.

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.