TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has formed a wide consolidation range around 1.0680. Amid the news, the market broke the range upwards and hit a local correction target of 1.0886. Today a consolidation range is expected to form below this level. Breaking it downwards, the price could start a downward movement to 1.0755 minimum. At maximum, it could fall to 1.0680 (a test from above). Next, another structure of growth targeting 1.0915 could develop.

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

GBP/USD has formed a consolidation range around 1.2291 and, breaking it upwards, reached the growth target of 1.2503. Today the market is forming a consolidation range below this level. A downward breakout is expected with the downward momentum continuing to 1.2291.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a decline wave, reaching 150.15. Today a link of growth to 150.95 is expected (a test from below). Next, another decline wave to 150.00 could develop, followed by growth to 152.07.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a decline wave, reaching 0.8880. Today the market is forming a consolidation range around this level. The price is expected to break the range upwards and continue its upward movement to 0.9013. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a link of growth to 0.6511. Today a decline wave targeting 0.6435 is expected to start. Upward momentum to 0.6537 could develop next.

Brent

Brent has completed a growth wave, reaching 83.71, and corrected today to 82.00. Next, a new growth wave to 84.92 could start. This is the first target. After the price hits this level, it could decline to 83.33 and then rise to 87.00.

XAU/USD, “Gold vs US Dollar”

Gold has corrected to 1970.90. Today a consolidation range is expected to form below this level. With a downward breakout, a new decline wave targeting 1922.75 could start. This is the first target.

S&P 500

The stock index has formed a consolidation range around 4410.0. Breaking it upwards, the price rose to 4510.0. Today the market is forming a consolidation range below this level. The price could decline to 4410.0. This is the first 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.