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 practically exhausted the potential for a growth wave at the 1.0964 level. A new consolidation range is expected to form around this level. With an escape from the range downwards, a decline wave to 1.0894 is expected to form. With a breakout of this level as well, the potential for a decline by the trend to 1.0823 could open. This is the first target.

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

GBP/USD today has practically exhausted the potential of a growth wave to 1.2538. A new consolidation range is expected to form around this level. With an escape downwards, a decline wave to 1.2455 could begin. And if this level also breaks, the potential for a wave down by the trend to 1.2374 might open. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a decline wave to 147.37. A new consolidation range is expected to form around this level today. With an escape from the range upwards, a new growth wave to 148.70 could start. Next, a decline to 148.00 might follow. After that a rise to 149.40 is expected, from where the trend could continue to 150.05. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues developing a consolidation range above 0.8826. A link of decline to 0.8808 is not excluded. Next, a rise to the 0.8900 level might follow, from where the trend could continue to 0.9010. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has exhausted the potential for a rise wave at the 0.6583 level. A consolidation range could form around this level today. With an escape downwards, a new decline wave to 0.6506 might form. This is the first target.

Brent

Brent continues developing a rise wave to 83.33. Upon reaching this level, the price might correct to 80.75. Once the correction is over, a new growth movement to 84.84 could follow. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range around 1987.00. Today the market has extended the range upwards to 1994.22. A decline to 1969.00 is expected. With a breakout of this level downwards, the potential for a decline wave to 1917.90 might open. This is the first target.

S&P 500

The stock index has extended a range to 4558.5. A decline to 4522.0 might follow today. With a breakout of this level downwards, the potential for a wave to 4487.7 might open. This is the first target. Next, a correction link to 4522.0 might follow.

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.