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 formed a consolidation range around 1.0730 and suggests a correction to 1.0743 with a breakout from the range upwards. After the price reaches this level, a link of decline to 1.0702 is expected, followed by a rise to 1.0822.

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

The currency pair formed a consolidation range around 1.2444 and, escaping it upwards, completed a structure of growth to 1.2540. Today it might decline to 1.2444 and rise to 1.2577.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a structure of decline to 138.44. A structure of growth to 139.13 might follow today. Next, a decline to 138.32 can be expected. After the price reaches this level, a wave of growth to 139.99 might start.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has formed a consolidation range around 0.9093 and, escaping it downwards, continues developing a corrective structure to 0.9040. After the price reaches this level, a link of growth to 0.9111 could start.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has formed a consolidation range around 0.6550 and, escaping it upwards, is developing a structure of growth to 0.6614. After the quotes reach the level, a link of decline to 0.6550 might form, followed by a link of growth to 0.6644.

Brent

Brent has broken 73.83 upwards and continues developing a wave of growth to 75.66. After the price reaches this level, a decline to 73.83 and a rise to 76.16 could follow. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 1970.60 and continues growing to 1980.00. After the price reaches this level, a link of decline to 1970.60 could be expected, followed by a rise to 1991.91 and a decline to 1962.00.

S&P 500

The stock index continues developing a consolidation range around 4217.8. Today the range could extend upwards to 4267.5. Next, a decline to 4170.0 might follow. And if this level also breaks, the potential for a decline by the downtrend to 4049.0 might open. This is the first target.

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.