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 continues developing a consolidation range around 1.0844. Extension of the range to the level of 1.0870 is not excluded. Next, we expect a decline to 1.0820, followed by a link of growth to 1.0844. After the price reaches this level, it could drop to 1.0800. And after this level breaks, the price could develop a structure of growth to 1.0770. The target is local.

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

The currency pair is forming a consolidation range around 1.2316. We expect a link of decline to 1.2277 to develop. Then the price could grow to 1.2316 and drop to 1.2244. The target is local.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a consolidation range around 132.60. A link of decline to 131.77 is not excluded, followed by growth to 133.13. The target is local.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range around 0.9193. A decline to 0.9175 and growth to 0.9193 are not excluded today. Then a new decline to 0.9166 could follow. There the correction should be over. After this correction, a new wave of growth to 0.9222 could start.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues developing a consolidation range around 0.6688. Today the price could escape it downwards to 0.6652. And if the price breaks this level, a pathway to 0.6625 could open, from where the wave could extend to 0.6595. The target is local.

Brent

Brent has completed a link of decline to 77.50. A consolidation range is forming around this level today. The correction could then extend to 76.00. When this correction is over, growth to 79.72 is not excluded. The target is local.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1955.31, and the market is forming a consolidation range above this level today. Then we expect a decline to 1944.70. And when this level also breaks, the wave might extend to 1921.70.

S&P 500

The stock index has completed a wave of growth to 4035.0. Today a link of decline to 3990.0 could develop, followed by growth to 4074.0. And after the price reaches this level, a new wave of decline to 3888.0 could follow.

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.