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 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected.

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

The currency pair has completed a wave of decline to 1.2307. Today the market has formed a consolidation range above this level and, escaping the range upwards, suggests continuing the wave of growth to 1.2352. After the price reaches this level, a link of correction to 1.2330 could follow. Next, growth to 1.2395 is expected.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair formed a consolidation range around 139.50, escaped it upwards, and completed a structure of growth to 140.20. Today the market has started developing a wave of decline to 139.50. After the price reaches this level, a correction to 139.80 could follow. Next, a decline to 138.65 is expected.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9072. Today the market is forming a correction to 0.9020. After it is over, the wave of growth might continue to 0.9111.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6493. Today the market is forming a structure of corrective growth to 0.6540. Next, a structure of decline could develop to 0.6455.

Brent

Brent has formed a consolidation range around 76.76 and, escaping it downwards, suggests a correction to 75.00. After the correction will be over, a new wave of growth to 79.55 might start that could extend to 80.20.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1936.76. Today the market is beginning a wave of growth to 1964.00. After the price reaches this level, a correction to 1950.00 could follow. Next, a new wave of growth to 1984.00 might start.

S&P 500

The stock index has completed a wave of decline to 4106.0. Today the market has corrected to 4160.0. A new wave of decline to 4102.0 is expected. This is the first target. After the price reaches this level, a correction to 4150.0 could form, followed by a decline to 4050.0.

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.