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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”

EUR/USD has completed a corrective movement to 1.0615. Today the market is forming a link of decline to 1.0535. Next, a link of growth to 1.0620 might follow. After the quotes reach this level, a correction to 1.0555 is expected. Practically, a wide consolidation range is developing around 1.0555. An escape from the range downwards might open the potential for a declining wave to 1.0434. With an escape upwards, a wave of growth to 1.0710 could follow.

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

GBP/USD has completed a structure of growth to 1.2271. A decline to 1.2133 is expected. Next, a rise to 1.2288 could follow. After the price reaches this level, a decline to 1.2199 might form. Practically, a wide consolidation range is forming around 1.2199. An escape from the range downwards might open the potential for a declining wave to 1.2016. With an escape upwards, a wave of growth to 1.2400 could follow.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues a wave of growth to 149.94. Next, a decline to 149.29 might follow. Practically, a consolidation range is forming around 149.29. With an escape upwards, the potential for a wave of growth to 150.70 might be expected. With an escape downwards, a corrective movement to 147.30 is not excluded.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF completed a wave of correction to 0.9090. Today the market has formed a structure of growth to 0.9153. At the moment, a consolidation range is forming around this level. A link of growth to 0.9200 is expected, followed by a decline to 0.9080. Practically, a wide consolidation range is forming around 0.9153. With an escape downwards, the correction might continue to 0.8939. With an escape upwards, the potential for a wave of correction to 0.9286 could open.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a wave of correction to 0.6500. Today the market is forming a wave of decline to 0.6360. Next, a link of growth to 0.6512 and a decline to 0.6425 might follow. Practically, a wide consolidation range is forming around this level. With an escape upwards, the growth could continue to 0.6565. With an escape downwards, the potential for a decline to 0.6300 could open.

Brent

Brent continues forming a consolidation range around 92.70. A link of decline to 90.00 is not excluded today. Next, a link of growth to 96.96 is not excluded. And if this level also breaks, the potential for a wave to 104.00 might open. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1850.00. Today the market is forming a consolidation range around this level. With an escape from this range downwards, the potential for a decline to 1747.00 might open, from where the trend could continue to 1715.90. This is a local target.

S&P 500

The stock index continues developing a consolidation range around 4290.0. A link of growth to 4343.0 might follow today. Next, a decline to 4228.0 is expected. This is a local target. And then, a rise to 4343.0 is not excluded.

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.