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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”

With all the news, the currency pair escaped the consolidation range upwards and extended the wave to 1.0910. Today a new consolidation range might form around this level. If the price escapes downwards, a link of decline to 1.0810 might follow. And if this level as well breaks, the wave might further develop to 1.0710.

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

The currency pair has completed a structure of growth to 1.2330. Today the market is forming a consolidation range around this level. With an escape of the price from the range downwards, a wave of decline to 1.2170 should start. The target is first.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a structure of decline to 130.42. Today the market is forming a consolidation range around this level. If the price escapes the range upwards, a pathway up to 132.50 should open. The target is local. Then a correction to 131.50 and growth to 134.50 should follow.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair escaped a consolidation range downwards and completed a wave structure to 0.9146. A consolidation range might form around this level today. If the price escapes it upwards, a pathway up to 0.9230 should open.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair continues forming a consolidation range around 0.6690. A link of growth to 0.6777 is not excluded today, followed by a decline to 0.6690. And with a breakaway of this level as well, the wave should continue to 0.6460.

Brent

Brent has reached a local target of the wave of growth to 76.80. Today the market is forming a consolidation range under this level. A link of correction to 74.37 is not excluded. Then growth to 78.80 should follow.

XAU/USD, “Gold vs US Dollar”

Gold has corrected to 1980.90. Today the market is forming a consolidation range under this level. A new structure of decline to 1921.20 should begin forming. The target is first.

S&P 500

The stock index completed a link of growth to 4042.0. At the moment, the price has performed an impulse of decline to 3936.5. A correction of this impulse to 3990.0 is not excluded today. Then a new impulse of decline to 3805.0 should start forming, from where the wave might develop to 3690.0.

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.