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 completed a wave of decline to 1.0810. Today the market is forming a wave of correction to 1.0849. After the correction is over, the pair might develop a wave of decline to 1.0795, from where the trend could continue to 1.0755.

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

The currency pair has completed a wave of decline to 1.2420. Today the market is forming a wave of correction to 1.2500. After the quotes reach this level, the wave of decline could continue to 1.2400. Next, a rise to 1.2500 could follow.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 137.44. Today the market is forming a consolidation range around this level. With an escape from the range upwards, the potential for a rise to 138.38 could open. And if the price breaks the range downwards, a link of correction to 136.66 could follow. Next, an increase to 138.66 is expected.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a correction to 0.8970. Today the growth could continue to 0.9054. This is a local target. After the price reaches this level, a correction to 0.8989 could follow. Next, a rise to 0.9105 is expected.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues forming a consolidation range around 0.6655. With an escape from the range downwards, the wave of decline could continue to 0.6600. Next, a link of growth to 0.6696 is expected.

Brent

Brent has broken the level of 76.00 upwards. Practically, the potential for a rise to 78.10 is open. After the price reaches this level, a link of correction to 76.00 (a test from above) is expected. Next, an increase to 78.85 could follow, from where the trend might continue to 85.00.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1975.40. Today the market is forming a consolidation range above this level. Extension of the range to 1964.00 is not excluded. Next, corrective growth to 2011.00 could follow. After the price reaches this level, a new wave of decline to 1850.00 might be expected.

S&P 500

The stock index continues developing a consolidation range around 4133.0. Today the range might extend to 4171.1. Next, a decline to 4055.0 could follow. And if this level breaks downwards, the potential for a declining wave to 3900.0 might open.

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.