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 1.0970. A decline to 1.0903 is expected today. And if this level also breaks downwards, the potential for a decline to 1.0855 could open, from where the trend might continue to 1.0750.

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

The currency pair has corrected to 1.2758. The wave of decline is expected to continue to 1.2700 today. And if this level also breaks downwards, the structure might extend to 1.2650.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair continues developing a wave of growth to 144.51. After the price reaches this level, a link of decline to 143.90 is not excluded, followed by a rise to 144.88.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair continues developing a consolidation range around 0.8946. A link of growth to 0.8989 is expected to form today. And if this level also breaks upwards, the potential for a wave of growth to 0.9055 could open.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has broken the level of 0.6666 downwards, completing a wave of decline to 0.6620. A link of correction to 0.6666 is not excluded today (a test from below). Next, the trend might continue downwards to 0.6610, from where the trend could continue to 0.6588.

Brent

Brent continues developing a consolidation range around 74.74. The range might extend downwards to 72.15. With an escape from the range upwards, the potential for a structure of growth to 76.60 could open. And if this level also breaks upwards, a wave to 81.00 might develop from there.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range around 1924.94. At the moment, the market has escaped it downwards, completing a structure of decline to 1910.94. A link of growth to 1921.77 is not excluded (a test from below). Next, a decline to 1908.66 could follow, from where the trend might continue to 1905.55.

S&P 500

The stock index has completed a structure of a wave of decline to 4333.3. A correction might develop today to 4395.5, followed by a decline to 4282.0 (a test from above).

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.