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 completed a wave of decline to 1.0616. Today the market might develop a correction to 1.0686. After it is over, a new declining move to 1.0606 could follow, from where the trend might continue to 1.0570.

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

GBP/USD has completed a wave of decline to 1.2233. Today the market could correct to 1.2310. After the correction is over, a new structure of decline to 1.2190 might develop.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a link of correction to 147.31. Today the market is forming a wave of growth to 148.38. And with a breakout of this range upwards, the potential for a rise to 149.44 could open. This is the first target. After the price reaches this level, a new wave of decline to 145.30 might start.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a wave of growth to 0.9077. Today the market has corrected to 0.9020 and rose to 0.9052. Practically, a consolidation range has formed at these levels. With an escape from the range downwards, the potential for a correction to 0.8915 could open. With an escape upwards, a link of growth to 0.9100 is not excluded.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed an impulse of decline to 0.6385. A link of correction to 0.6440 could form today. After the correction is over, a new wave of decline to 0.6346 might develop, from where the trend could continue to 0.6315.

Brent

Brent has completed a correction to 91.41. A wave of growth to 97.07 might develop today. After the price reaches this level, a correction to 89.40 is not excluded, followed by a rise to 103.75. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a wave of decline to 1912.48. After this level is reached, a correction to 1930.09 could form. Next, a new wave of decline to 1894.77 might start. This is a local target.

S&P 500

The stock index has completed a wave of decline to 4326.9. This is a local target. A consolidation range could form above this level today. With an escape upwards, a link of correction to 4395.2 is not excluded (with a test from below). Next, a decline to 4270.3 might follow. 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.