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 correction to 1.0673 and started to decline rapidly. The price has achieved the first target of 1.0557. Today a consolidation range is forming above this level. With an upward breakout, the price might rise to 1.0600 (a test from below). A downward breakout will open the potential for a decline to 1.0515, from where the trend could continue to 1.0477. This is a local target.

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

GBP/USD has corrected to 1.2199 and started to decline rapidly. The price has reached the first target of 1.2120. A link of growth to 1.2158 is not excluded today, followed by a decline to 1.2090 with the trend potentially developing to 1.2050. This is a local target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a growth wave, reaching 151.69. Today the market is consolidating below this level. Breaking it downwards, the price might correct to 150.50. With an upward breakout, the trend could continue to 152.20.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a growth wave, reaching 0.9105. Today a downward movement to 0.9070 could start, followed by a rise to 0.9133. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues developing a consolidation range around 0.6330. With a downward breakout, a decline wave might continue to 0.6286, from where the trend could expand to 0.6270. This is the first target.

Brent

Brent has completed a correction to 84.70. Today a consolidation range is expected to form above this level. An upward breakout might lead to a new growth wave to 87.30. If this level breaks too, this will open the way for an upward movement to 95.00. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues to form a decline wave to 1952.00. After the price hits this level, it might rise to 1980.00 (a test from below) and then decline to 1951.80. This is the first target.

S&P 500

The stock index continues to develop a correction to 4213.7. After reaching this level, the price could continue its movement to 4111.0, with the trend potentially developing to 4000.0.

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.