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 consolidation range around 1.0944 and, breaking it upwards, is forming a growth structure to 1.1020. After the price reaches this level, it might correct to 1.0944 (a test from above), subsequently climbing to 1.1033. It is worth noting that any rise is seen as a possible extension of the growth structure, and the market may abruptly continue the trend downwards at any moment.

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

GBP/USD has formed a narrow consolidation range around 1.2608 and, breaking it upwards, climbed to 1.2732. A link of correction to 1.2680 (a test from above) is not excluded today. Following the correction, the price might rise to 1.2764. Next, a decline wave to 1.2600 could start. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has corrected to 146.73. Today a consolidation range is expected to develop at the current lows. With an upward breakout, a growth wave to 148.20 could start. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has formed a consolidation range around 0.8813 and, breaking it downwards, completed a decline wave, reaching 0.8757. Today a link of decline to 0.8753 is not excluded, followed by an upward movement to 0.8830. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has formed a consolidation range around 0.6608 and, breaking it upwards, completed a wave, reaching 0.6673. A link of correction to 0.6611 could follow today. Once the price hits this level, it might rise to 0.6695.

Brent

Brent has received support at 79.79 and completed a growth impulse to 82.00. It might consolidate below this level today. An upward breakout will open the potential for growth to 83.80, from where the trend could continue to 88.20. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 2011.55 and, breaking it upwards, climbed to 2051.88. A link of correction to 2011.55 is expected today. Subsequently, the price could rise to 2033.00.

S&P 500

The stock index has completed a link of growth to 4570.0 and corrected to 4545.0. A link of growth to 4572.0 could form today, followed by a downward movement to 4530.0. This is the first 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.