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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 1.0577. Today the market might show a link of correction to 1.0637 and then go down to 1.0568. After this level is reached, a new correction to 1.0690 should start.

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

The currency pair has completed a wave of decline to 1.1991. Today a link of growth to 1.1966 should follow (a test from below). Then the pair should drop to 1.1966, after which a correction should start towards 1.2070.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a link of growth to 135.35 and a link of decline to 134.05. Practically, the market has set the borders of a consolidation range. With an escape upwards, the wave of growth should continue to 136.56. With an escape downwards, a correction should develop to 133.33, followed by growth to 136.56.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has completed a structure of growth to 0.9347. Today the market is consolidating under this level. With an escape downwards, a correction to 0.9300 should follow. With an escape upwards, the wave should continue to 0.9381.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6781. Today the market is forming a link of growth to 0 6848. This is interpreted as a correction. After it is over, a link of decline to 0.6777 should start.

Brent

Brent has completed a wave of growth to 82.30 and a correction to 81.22. Today a wave of growth should develop to 83.83. Then a correction to 82.15 and growth to 83.73 should follow. The goal is first.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1818.00. A link of correction to 1815.00 is not excluded today. After this level is reached, a wave of growth to 1842.00 should start.

S&P 500

The stock index has completed a wave of decline to 3968.8. Today a consolidation range is forming above this level. With an escape upwards, a pathway to 4080.0 should open, followed by a decline to 4026.0. With an escape downwards, a pathway to 3900.0 should open, followed by growth to 3968.8.

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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.