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 corrected to 1.0846. Today the market goes on developing a structure of growth to 1.0948. After this level is reached, the pair may correct to 1.0840. Then the quotes might grow to 1.0965 and extend the wave to 1.0980.

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

The currency pair corrected to 1.2323. Today the market continues developing the wave of growth to 1.2474. After this level is reached, a wave of decline to 1.2313 should start.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 130.88. Today the market is forming a structure of decline to 129.16. After this level is reached, a wave of growth to 131.17 might start, followed by a decline to 128.00.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a link of decline to 0.9156. Practically, the market has formed a consolidation range around 0.9155. With an escape downwards, a new structure of decline to 0.9038 might form. With an escape upwards, a pathway up to 0.9273 should open.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has corrected to 0.6969. Today a structure of growth is forming to 0.7069. After this level is reached, a wave of decline to 0.6969 should start, from where the trend might continue to 0.6870.

Brent

Brent has completed a wave of growth to 88.98. Today a link of correction to 87.15 is not excluded. Then growth to 90.30 should follow, from where the trend might continue to 93.06.

XAU/USD, “Gold vs US Dollar”

Gold has corrected to 1911.50. Today the market continues developing the wave of growth to 1948.33. After this level will be reached, a correction to 1922.22 will not be excluded, followed by growth to 1967.87.

S&P 500

The stock index completed a link of growth to 4040.0. Today a consolidation range might form around this level. With an escape downwards, a new wave of decline to 3855.5 should start. The goal is first.

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.