TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has completed a structure of a wave to 1.0770. Today the market is forming a consolidation range above this level. Escaping the range upwards, the price might form a link of growth to 1.0810. Exiting the range downwards, it might open the potential for a wave to 1.0740, from where the trend could extend to 1.0700. This is a local target.

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

GBP/USD has completed a wave of decline to 1.2567. A consolidation range is forming above this level today. With an escape from the range upwards, a link of correction to 1.2640 could form. With an escape downwards, the potential for a movement to the 1.2520 level might open, from where the trend could continue to 1.2482. This is a local target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a structure of decline to 144.44 and an impulse of growth to 146.28. Today the market is forming a narrow consolidation range under this level. With an escape from the range downwards, a correction to the 145.37 level is not excluded. An escape upwards might open the potential for a rise to 147.30, from where the trend might continue to 148.10.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has performed a corrective wave to 0.8796 and an impulse of growth to 0.8862. A consolidation range might develop under this level today. With an escape from the range downwards, a link of correction to 0.8808 is not excluded. With an escape upwards, the potential for a wave to 0.8873 might open, from where the trend could continue to 0.8903. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues developing a consolidation range around 0.6475. Escaping it downwards, the price could start a new wave of decline to 0.6373, from where the trend could extend to 0.6300. This is a local target.

Brent

Brent has broken the 87.66 level upwards. Today it has formed a link of growth to 88.66. A link of decline to 87.66 is not excluded (with a test from above). Next, a rise to 88.88 looks possible, from where the trend might continue to 89.44. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range around 1945.70. At the moment, the market extended the range to 1934.34. A link of growth to 1945.70 is expected today (with a test from below). Next, a decline to 1924.14 might follow, from where the wave could extend to 1917.22. This is the first target.

S&P 500

The stock index continues forming a consolidation range around 4522.0. At the moment, an impulse of decline to 4500.8 happened alongside a link of correction to 4521.5 (with a test from below). Next, a decline to 4480.0 could follow, from where the trend might continue to 4458.0. This is the first target.

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.

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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.