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 finished correcting to 1.0659. Today a consolidation range might form under this level. With an escape downwards, a new wave of decline to 1.0610 should start. With a breakaway of this level, a pathway to 1.0560 will open, followed by a correction to 1.0600 (a test from below). Then a decline to 1.0460 should follow. The goal is first.

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

The currency pair continues developing a consolidation range around 1.2050. Today a link of growth to 1.2110 is not excluded. After this level is reached, the quotes may go down to 1.1940, then correct to 1.2140, and then fall to 1.1850. The goal is first.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues extending the consolidation range to 133.43. After this level is reached, a decline to 131.00 is expected. And with a breakaway of this level downwards, a pathway to 129,00 will open. The goal is first.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues correcting to 0.9292. After this level is reached, growth to 0.9364 should begin. The goal is first. Then a decline to 0.9292 and growth to 0.9400 should follow.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of growth to 0.6755. Today a new wave of decline to 0.6626 should start from where the trend might continue to 0.6500.

Brent

Oil continues a wave of growth to 86.00. After this level is reached, a correction to 82.55 might start. After this level is reached, a link of growth to 89.00 might follow, from where the trend might continue to 92.40. The goal is local.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of growth to 1806.10. Today the market is forming a consolidation range under this level. A decline ti 1793.70 is expected, from where the trend might continue to 1770.00.

S&P 500

The stock index has escaped a consolidation range upwards and suggests a correction to 3894.4. After this level is reached, a wave of decline to 3732.0 should start. The goal is local.

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.