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 wave of growth to 1.0697. At the moment, the market is consolidating under this level. The consolidation range might extend to 1.0700. Next, a decline to 1.0655 could happen. And a breakout of this level could open the potential for a wave to 1.0608. After the price reaches this level, an impulse of growth to 1.0760 is expected. This is the first target of correction.

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

GBP/USD has completed a wave of decline to 1.2370 and a correction to 1.2409. Today the market is forming a consolidation range under this level. A link of decline to 1.2364 is expected. The range could extend to 1.2340. After the price reaches it, an impulse of growth to 1.2444 might develop. This is the first target of correction.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a wave of growth to 147.94 and a correction to 147.50. A link of growth to 148.02 could develop today. After the price reaches this level, an impulse of decline to 146.96 could follow. This is the first target of correction.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a wave of growth to 0.8981. Today a consolidation range is forming under this level. A link of decline to 0.8947 is expected. Next, a link of growth to 0.8982 could form. After this level is reached, an impulse of decline is expected. This is the first target of correction.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a wave of decline to 0.6417 and a correction to 0.6446. Today the market continues developing a wave of decline to 0.6417. A downward breakout of this level could open the potential for a declining wave to 0.6388. Upon reaching this level, a link of correction to 0.6410 (with a test from below) could follow. Next, a decline to 0.6362 might happen.

Brent

Brent has completed a wave of correction to 92.15. Today a wave of growth to 96.30 could develop. Upon reaching this level, the price might form a link of decline to 94.15 (with a test from above), followed by a rise to 97.11. This is a local target. Next, a link of correction to 89.40 is not excluded.

XAU/USD, “Gold vs US Dollar”

Gold has completed a new link of correction to 1934.34. A wave of decline to 1910.40 is expected today, from where the trend might continue to 1900.00.

S&P 500

The stock index has completed an impulse of decline to 4444.0 and a correction to 4468.4. Today the market is forming a consolidation range under this level. An escape downwards to 4420.5 is expected. After the price reaches this level, a link of correction to 4468.4 might form (with a test from below), followed by a decline to 4389.0. This is a local 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.

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.