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XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The currency pair completed a wave of decline to 1.0635. Today the market has performed a correction to 1.0692. At the moment, a consolidation range is forming under this level. A breakout of the range downwards and further development of the wave to 1.0643 are expected. And if this level also breaks, the potential for a decline to 1.0614 could open. This is a local target.

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

The currency pair has completed a wave of growth to 1.2447. Today the market is forming a consolidation range under this level. A structure of decline is expected to develop to 1.2385. Next, another structure of growth to 1.2460 is not excluded. After the price reaches this level, the wave could continue to 1.2350, from where the trend could continue to 1.2269.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a structure of a declining link to 139.00. A wave of growth to 140.37 could start today, from where the trend might continue to 141.55.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a structure of growth to 0.9146. Today a correction to 0.9084 is not excluded. Next, growth to 0.9154 might follow. This is a local target.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair is forming a consolidation range around 0.6498. The range might extend today to 0.6539. Next, a decline to 0.6444 might follow. This is a local target. And next, growth to 0.6490 and a decline to 0.6432 are expected.

Brent

Brent completed a wave of correction to 71.50 and a link of growth to 73.77. A link of decline to 72.10 has formed today. At the moment, another impulse of growth to 73.77 is forming. And if this level also breaks, the potential for a rise to 75.55 could open, from where the wave could develop to 76.15. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of growth to 1974.70. Today the market is developing a structure of decline to 1950.50. And if this level also breaks, the potential for a decline by the trend to 1916.15 could also open.

S&P 500

The stock index goes on declining to 4161.8. After the price reaches this level, a link of growth to 4267.5 is not excluded, followed by a decline to 4049.0. The target is first.

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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 off highs, back to around 1.1900

EUR/USD keeps its strong bid bias in place despite recedeing to the 1.1900 zone following earlier peaks north of 1.1900 the figure on Monday. The US Dollar remains under pressure, as traders stay on the sidelines ahead of Wednesday’s key January jobs report, leaving the pair room to extend its upward trend for now.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest. XRP seeks support above $1.40 after facing rejection at $1.54 during the previous week's sharp rebound.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.