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 corrective wave to 1.0929. A decline link to 1.0880 is forming today. Practically, a consolidation range is forming around this level. With an escape from the range downwards, a decline wave to 1.0840 might continue. And provided this level is also breached, the potential for a wave to 1.0750 could open. This is a local target.

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

GBP/USD continues forming a wide consolidation range around 1.2505. By now, the range has extended to 1.2560. A decline structure is now forming to 1.2505. Escaping this range downwards, the wave might continue to 1.2456. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is forming a consolidation range around 149.30. With an escape downwards, a corrective link to 148.56 might follow. Next, a rise to 149.90 is expected. With a breakout of this level upwards, the potential for a wave to 151.15 might open. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues forming a consolidation range around 0.8841 without any bright trend. A decline link to 0.8810 is not excluded. Upon reaching this level, a new growth wave to 0.8868 is expected. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is forming a consolidation range around 0.6547. A decline to 0.6500 might follow today. And if this level also breaks downwards, the potential for a wave to 0.6430 could open. This is a local target.

Brent

Brent is forming a consolidation range around 81.10. A link of growth to 83.33 could follow. And with a breakout of this range upwards as well, the wave could continue to 88.10. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a wide consolidation range around 1970.70. At a certain point, the market extended it to 2007.20. A decline structure to 1970.70 is forming today. Another growth link to 2012.60 is not excluded. Next, a decline wave to 1930.00 might begin. This is the first target.

S&P 500

The stock index continues developing a consolidation range around 4530.0. A link of growth to 4571.0 is not excluded today. A new decline wave to 4487.0 might start then. 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.