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 corrective wave to 1.0800. Today the market continues developing a wave of decline to 1.0730. After the price reaches this level, a consolidation range could form around it. It might later extend downwards to 1.0700. Next, a corrective rise to 1.0828 could form.

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

The currency pair has completed a wave of decline to 1.2355. Today the market has formed a consolidation range around this level, and an escape from it downwards suggests continuing the wave to 1.2315. After the price reaches this level, a link of correction to 1.2355 could form.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair formed a consolidation range around 138.65 and completed a structure of growth to 139.65, breaking the range upwards. Today the wave might continue to 139.85. Next, a correction could start to 138.65.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9062. Today the market is forming a consolidation range around this level. A link of growth to 0.9085 is not excluded. Next, a corrective decline to 0.9022 could follow. And after the correction will be over, the trend could continue to 0.9111.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6534. Today the market is consolidating around this level. With an escape from the range downwards, the wave could continue to 0.6480. With an escape upwards, a corrective link to 0.6571 could develop. Next, a decline to 0.6480 is expected.

Brent

Brent has completed a wave of growth to 78.46 and a correction to 77.00. The market is forming a structure of growth to 79.40 today. This is a local target. After the price reaches this level, a correction to 77.40 could start. Next, a new wave of growth to 80.20 might begin.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of growth to 1984.00. Today the market continues developing a new wave of decline to 1945.75. After the price reaches this level, a correction to 1964.00 could begin.

S&P 500

The stock index has completed a wave of decline to 4106.0. Today the market is forming a consolidation range above this level. With an escape from the range upwards, a link of correction to 4160.0 could develop. With an escape downwards, the wave of decline might develop to 4050.0.

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.