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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 corrected to 1.0430 and started the development of a new wave of growth. Today the market has reached 1.0555. At the moment, the market has formed a consolidation range around this level. With an escape upwards, a pathway to 1.0677 should open. With an escape downwards, a link of correction to 1.0490 is not excluded, followed by growth to 1.0677.

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

The currency pair finished a wave of correction to 1.2134. Today the market has formed one more wave of growth to 1.2280, and with a breakaway of this level upwards, the structure may be extended to 1.2422. And after this level is reached, a correction to 1.2280 might start.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair corrected to 135.90. Today the market continues developing a wave of growth to 133.64. A consolidation range is expected to form around this level. With an escape downwards, a pathway for a wave of decline to 131.96 will open.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair completed a correction to 0.9435. Today the market continues developing a wave of decline to 0.9322. After this level is reached, the pair may grow to 0.9435.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair corrected to 0.6742. Today the market continues the wave of growth to 0.6872. After this level is reached, a wave of decline to 0.6755 might start.

Brent

Crude oil formed a consolidation range around 87.10. A link of decline to 84.88 is not excluded, followed by growth to 89.30. And with a breakaway of this level upwards, the wave of growth should continue to 93.75. The goal is local.

XAU/USD, “Gold vs US Dollar”

Gold continues a wave of growth to 1810.70. After this level is reached, a decline to 1778.78 and growth to 1818.88 might follow.

S&P 500

The stock index corrected to 4005.5. At the moment, the market completed a wave of growth to 4069.0. Today a consolidation range is expected to form around this level. With an escape upwards, a link of growth to 4133.3 is not excluded, followed by a decline to 4004.4.

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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.