TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD made a corrective movement to 1.0566 and a link of decline to 1.0482. Amid the news, the market performed a rising impulse to 1.0599 and is correcting it today. A link of decline to 1.0522 is not excluded today. After the correction is over, a rising link to 1.0685 might be expected. This is a local target.

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

GBP/USD has made a declining movement to 1.2105.Amid the news, another rising impulse to 1.2260 followed. Practically, the market could extend the correction to 1.2370. This is a local target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues developing a consolidation range above 148.99. Today the pair could rise to 149.83. A breakout of this level might open the potential for a rise to 149.88. Next, a decline to 149.06 (with a test from above) and an increase to 150.88 could follow.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has demonstrated a link of growth to 0.9174. By now, it has also made a declining impulse to 0.9072. Practically, the market could extend the correction to 0.9024. This is a local target. Next, a rise to 0.9100 might follow.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has made a declining link to 0.6313. By now, it has also performed a rising impulse to 0.6399. A link of correction to 0.6343 is not excluded. After it is over, the growth might continue to 0.6454. This is a local target.

Brent

Brent has corrected to 83.00. A rising impulse to 88.33 has followed today. Currently, the market is correcting to 86.00. Next, the rising link could continue to 89.20. After the price reaches this level, a link of decline to 86.00 might not be excluded, followed by a rise to 93.25, from where the trend could continue to 96.18. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a declining wave to 1810.48. Today the market is making a rising movement to 1856.17. After the price reaches this level, it might correct to 1833.00 and later grow to 1879.33. This is a local target.

S&P 500

The stock index has broken the 4271.0 level upwards and might now correct to 4370.0. After the correction is over, the declining wave could continue to 4200.0. This is a local target.

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.