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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 has completed a wave of decline to 1.0818. Today a consolidation range may form around this level. With an escape upwards, a link of correction to 1.0930 is not excluded. With an escape downwards, a pathway to 1.0760 should open, from where the wave might continue to 1.0700.

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

The currency pair has completed a wave of decline to 1.2104. A consolidation range has formed around this level at the moment. Today the range has extended to 1.2030. Then a technical return to 1.2104 is not excluded (a test from below). Then a decline to 1.2000 should follow, from where the trend should continue to 1.1950.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 132.20. Today a consolidation range should form around this level. With an escape upwards, the pair should grow to 135.15. With an escape downwards, a pathway down to 127.10 might open.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a wave of growth to 0.9250. Today the market is forming a consolidation range around this level. With an escape downwards, a link of correction to 0.9180 is not excluded. With an escape upwards, growth should continue to 0.9300, from where the wave might extend to 0.9350.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of decline to 0.6960. Today a consolidation range should form under this level. With an escape upwards, a link of correction to 0.7000 should follow. With an escape downwards, the wave of correction should continue to 0.6860, from where the wave might extend to 0.6790.

Brent

Brent has completed a wave of decline to 79.70. Today a wave of growth to 82.50 is expected. Then a correction to 81.00 and growth to 85.00 should follow. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold has completed a structure of a wave of decline to 1860.00. Today a consolidation range is forming above this level. With an escape downwards, a decline to 1844.20 should follow. With an escape upwards, a link of correction to 1915.00 is not excluded. Then a decline to 1800.00 might happen.

S&P 500

The stock index has completed an impulse of decline to 4122.0 and a correction to 4183.0. Today the market is performing a new impulse of decline to 4055.0. After this level is reached, a link of correction to 4120.0 is not excluded (a test from below). Then a decline to 4000.0 should follow.

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.