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 corrected to 1.0818. Today the market is forming a consolidation range under this level. A decline to 1.0690 is expected. And with a breakaway of this level downwards as well a pathway to a wave to 1.0550 should open. The target is local.

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

The currency pair has completed a correctional structure ending at 1.2320. Today the market is forming a consolidation range under this level. If the price escapes it downwards, a new wave of decline to 1.2185 should start. The target is first. After the price reaches this level, a new structure of growth to 1.2255 should start developing.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a structure of decline to 130.50. Today the market is forming a consolidation range above this level. With an escape from the range upwards, a pathway up to 131.66 should open. The target is first. Then a correction to 131.00 and growth to 132.80 should happen.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has corrected to 0.9136. Today a consolidation range is forming above this level. We expect the price to escape it upwards and continue the wave to 0.9222, from where a structure of growth to 0.9242 might start developing.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of correction to 0.6690. Today the market is consolidating under this level. A wave of decline to 0.6595 should begin. Then a correction to 0.6677 is not excluded, followed by a decline to 0.6588.

Brent

Brent has broken 75.95 upwards and continues developing the wave aiming at 79.70. After it reaches the level, a link of correction to 76.00 might follow. And then growth to 81.81 might happen.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1944.74. Today the market might correct to 1974.30. After the correction is over, a new wave of decline to 1921.60 should start, from where the structure might develop to 1870.20.

S&P 500

Today the stock index continues forming a consolidation range under 3999.0. The range might extend downwards to 3885.5. Then it might grow to 3966.0.

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.