TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD got supported at 1.0670 and performed a link of corrective growth to 1.0735. Upon reaching this level, and with the current fundamental background, the market started developing a new declining wave by the downtrend. By now, the quotes have completed an impulse of decline to 1.0616. Today the market is forming a consolidation range above this level. An escape downwards to 1.0575 from this range is expected, from where the trend could continue to 1.0555.

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

GBP/USD completed a correction to 1.2415 and started developing a wave of decline by the downtrend. By now, the quotes have reached the 1.2304 level. Today the market is forming a consolidation range above it. The quotes are expected to break the range downwards and extend it to 1.2233, from where the wave could extend to 1.2188.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a link of growth to 148.33. At the moment, the market is forming a consolidation range around this level. The quotes are expected to break the range upwards to 149.19 from where the trend could continue to 149.44.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a wave of correction to 0.8933. Next, the price performed a wave of growth to 0.9000. Today the market is forming a consolidation range under this level. An escape from the range upwards to 0.9035 is expected, from where the trend could continue to 0.9053. Next, a correction to 0.8933 might start.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a correction at 0.6510. Today the market continues developing a new wave of decline. By now, the market has performed an impulse of decline to 0.6404. The decline might extend to 0.6373, from where the trend could continue to 0.6333.

Brent

Brent continues developing a correction to 91.41. After the price reaches this level, a new wave of growth to 97.07 could begin, from where the trend might extend to 103.75.

XAU/USD, “Gold vs US Dollar”

Gold has completed a correction to 1947.00. Today the market performed an impulse of decline to 1924.14. At the moment, a consolidation range is forming above this level. An escape from the range downwards to 1910.30 is expected, from where the trend could continue to 1901.33.

S&P 500

The stock index corrected to 4465.0 and started developing a new wave of decline. By now, the pair has performed a declining impulse to 4402.2. A consolidation range is forming around this level today. An escape from the range downwards to 4339.3 is expected, from where the trend might extend to 4286.9. This is a local target.

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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.