TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has received support at 1.0875 and could extend the correction to 1.0933. Practically, a wide consolidation range continues developing around 1.0900. With the price exiting the range downwards, the wave of decline could continue to 1.0817, from where the trend might extend to 1.0733. This is a local target.

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

GBP/USD continues forming a wide consolidation range around 1.2700. A link of growth to 1.2786 might follow today. After the price reaches this level, it might drop to 1.2676. And a downward breakout of this level could open the potential for a decline to 1.2650, from where the trend could continue to 1.2565.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a wave of growth to 146.38. Today the market is forming a consolidation range under this level. A link of decline to 145.75 is not excluded. After the price reaches this level, a new wave of growth to 146.75 might start. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues developing a consolidation range around 0.8795. The quotes exiting the range upwards might open the potential for continuing the wave to 0.8844 and extending the trend to 0.8888.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues developing a consolidation range around 0.6404. The latter might expand to 0.6444. Next, a decline to 0.6363 could follow, from where the trend might continue to 0.6277.

Brent

Brent continues developing a link of decline to 83.55. After the price reaches this level, a link of growth to 85.77 is not excluded. The whole growth structure is interpreted as a corrective one. After the correction is over, a new wave of decline to 82.00 might develop, followed by a rise to 87.77. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of decline to 1884.81. Today the market continues forming a consolidation range under this level. A link of growth to 1900.50 is expected. Next, a decline to 1868.50 could follow. This is a local target.

S&P 500

The stock index has performed a link of correction to 4404.4. A consolidation range might develop under this level today. With the price escaping it downwards, the wave of decline could continue to 4317.0. After the price reaches this level, a correction to 4418.0 might 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

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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.