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 the 1.0745 level. Today the market is forming a structure of another wave of decline. At the moment, a consolidation range has been formed around the 1.0703 level. A breakout downwards to the 1.0673 level is expected. Next, a technical test from below 1.0700 is possible, followed by a decline to the 1.0660 level.

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

The currency pair has completed a wave of correction to the 1.2444 level. Today the market is forming a structure of a declining wave to the 1.2353 level. Next, growth to 1.2390 is possible, followed by a decline to 1.2270.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair is forming a wave of correction to the 139.30 level. Today this correction is expected to be over and followed by a wave of growth to the 140.40 level. A breakout of this level upwards could open the potential for a wave to 141.63. If the 139.30 level breaks downwards, it could open up the potential for a declining wave to 137.20.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range around the 0.9064 level. A rise is possible to the 0.9111 level, followed by a decline to 0.9020. After the price reaches this level, a wave of growth to the 0.9170 level could start. A breakout of this level upwards will open the potential for growth to 0.9220.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is forming a consolidation range around the 0.6525 level. Today the market has broken this level down and continues developing a wave of decline to 0.6464 with the prospect for wave continuation to 0.6450.

Brent

Brent completed a wave of correction to the 73.33 level. A consolidation range above this level is expected to form. With an upside exit, a new wave of growth to 76.07 could follow. This is the first target. Next, a wave of growth by the trend to 78.10 is expected.

XAU/USD, “Gold vs US Dollar”

Gold completed a wave of decline to the 1932.55 level. Today the market continues developing a correction to the 1968.00 level which could be followed by a decline to 1916.16.

S&P 500

The stock index completed a growth structure to the 4237.0 level. Today a link of decline to 4187.0 is being formed. Growth to 4267.5 is expected next. After the price reaches this level, a wave of decline to 4049.0 could start.

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.