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 decline to the 1.0674 level. Today the market is correcting this declining wave, with the correction possible to the 1.0727 level. After it is over, a decline to the 1.0666 level could follow.

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

The currency pair has completed a wave of decline to the 1.2368 level. Today the market is forming a correction to the 1.2455 level. When this correction is over, another structure of decline to the 1.2355 level could develop.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a link of decline to the 139.25 level. Today the market has formed a link of growth to the 139.80 level and is currently forming a consolidation range around the 139.50 level. The range could expand to the 139.16 level, followed by growth to the 139.92 level.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to the 0.9119 level. Today a correction to the 0.9040 level could develop. Following the completion of the correction, a tie of growth to the 0.9080 level could start.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a link of growth to the 0.6666 level. Today a consolidation range could develop around this level. With an exit downwards, a pattern of decline to the 0.6565 level could continue to develop. This is the first target.

Brent

Brent has completed a pattern of growth to the 78.08 level. Today the market has corrected to the 76.06 level, and a wave of growth to the 77.77 level is expected to start. A breakout of this level upwards will open the potential for growth to the 79.45 level with the prospect of trend continuation to the 80.08 level.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of a declining wave to the 1938.30 level. Today the market is correcting to the 1968.00 level. After the correction is over, a new structure of decline to the 1931.40 level could start. This is the first target.

S&P 500

The stock index has completed a tie of growth to the 4300.0 level, followed by today’s impulse of decline to the 4269.0 level. A tie of correction to the 4285.4 level is currently being formed. When the correction is over, another pattern of decline to the 4229.6 level could develop with the prospect of trend continuation to the 4188.8 level. 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.