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 1.0725. Today the market is forming a structure of a new declining wave. At the moment, a consolidation range has formed around 1.0709. An escape from the range downwards to 1.0688 is expected. Next, a technical test on 1.0709 from below is not excluded, followed by a decline to 1.0677.

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

The currency pair has completed a wave of correction to 1.2376. Today the market is forming a structure of a declining wave to 1.2285. Next, growth to 1.2333 and a decline to 1.2270 could follow.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has formed a correctional wave to 139.95. Today we expect this correction to be over and a new wave of growth to 140.80 to start. If this level also breaks upwards, the potential for a wave to 141.63 could open.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range around 0.9045. A rise to 0.9065 is possible today, followed by a decline to 0.9020. After the price reaches this level, a new wave of growth to 0.9065 could begin. And if this level also breaks, the potential for a rise to 0.9111 might open.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is forming a consolidation range around 0.6525. The range could extend to 0.6565 today. Next, a decline to 0.6483 and a rise to 0.6525 are expected.

Brent

Brent continues forming a consolidation range around 76.60. A link of growth to 78.10 is not excluded, followed by a decline to 75.00. Next, a wave of growth to 79.50 could start.

XAU/USD, “Gold vs US Dollar”

Gold is forming a structure of a new wave of decline to 1923.27. This is a local target. Next, a rise to 1936.80 is expected, followed by a decline to 1916.15. After the price reaches this level, a new wave of growth to 1950.90 could begin. And if this level also breaks upwards, the potential for a rise to 1985.00 could open.

S&P 500

The stock index continues developing a structure of growth to 4237.0. Next, a decline to 4188.0 is expected, followed by an increase to 4267.5. After the price reaches this level, a wave of decline to 4049.0 could begin.

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.