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 decline to 1.0575. Today a consolidation range could develop above this level. A link of growth to 1.0616 (a test from below) is not excluded, followed by a decline to 1.0556 with the trend potentially continuing to 1.0550. This is the first target.

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

GBP/USD has completed a wave of decline to 1.2194. Today a consolidation range is expected to form above this level. With an upward breakout, a link of correction to 1.2248 (a test from below) could develop, followed by a decline to 1.2150, from where the trend could continue to 1.2000.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a growth wave, reaching 148.95. Today a structure of growth is expected to expand to 149.05. After the price hits this level, a consolidation range could form below it. With a downward breakout, a link of correction to 148.14 could follow. With an upward breakout, the trend could develop to 149.94. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a growth wave, reaching 0.9133. Today a consolidation range is expected to develop below this level. With a downward breakout, a link of correction to 0.9088 could follow. An upward breakout will open the potential for the trend to continue to 0.9184.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues its downward movement to 0.6393. After the price hits this level, a link of correction to 0.6428 could form, followed by a decline to 0.6322 with the trend potentially developing to 0.6276.

Brent

Brent is in a consolidation phase around 91.91. A correction could continue to 89.40 today. Once it is over, an upward movement to 97.07 is expected. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues to develop a wave of decline to 1911.11. After hitting this level, the price could rise to 1919.60 (a test from below). A decline to 1909.00 could follow next, from where the trend could develop to 1894.77.

S&P 500

The stock index has completed a downward movement to 4298.8. A consolidation range could form above this level today. With an upward breakout, a link of correction to 4347.0 (a test from below) could form, followed by a decline to 4230.3. This is a local target. After reaching this level, the price could correct to 4298.0 and then fall to 4172.0. 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.

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.