TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD continues developing a consolidation range around 1.0717. Today the market could extend the range to 1.0750. The correction might continue to 1.0790 (with a test from below). After it will be over, a new link of decline to 1.0680 is expected. This is a local target. After the price achieves it, a new wave of growth to 1.0900 could start.

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

Great Britain Pound continues developing a consolidation range around 1.2490. Today the market might extend the range to 1.2534. The correction might continue to the 1.2580 level (a test from below). Next, a decline to 1.2425 is expected. This is a local target. Next, a new wave of growth to 1.2720 could begin.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has broken the 146.60 level downwards and might develop a correction to 145.92. Today the price is expected to reach this level and return to 146.60 (with a test from below). Next, a decline to 145.28 might follow, after which a link of growth to 148.70 is expected.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is forming a consolidation range around 0.8917 without any strong trend. Today the range is expected to extend to 0.8888 (with a test from above). After the quotes reach the level, a rise to 0.8990 could follow. Next, a wave of decline to 0.8800 might begin.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has broken the 0.6514 level upwards, from where the correction might continue to 0.6456. After this level is reached, a link of decline to 0.6415 is not excluded (with a test from above). Next, a link of growth to 0.6472 and a decline to 0.6334 could develop.

Brent

Brent is forming a consolidation range around 90.00. Today the range might extend to 91.08. Next, a link of decline to 90.00 is expected, followed by a rise to 92.22, from where the trend could continue to 93.20. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has broken the 1923.20 level upwards and might continue the correction to 1929.90. Next, a decline to 1923.20 is expected (a test from above), followed by a rise to 1932.00. After this level is reached, a decline to 1903.33 might form.

S&P 500

The stock index has formed a consolidation range around 4458.2. A link of growth to 4486.6 could develop today. This is the first target. After the price reaches this level, a link of correction to 4500.0 is not excluded, followed by a new wave of decline to 4400.0.

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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.

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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.