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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 decline wave to 1.0723. By now, the market has corrected to 1.0780. A consolidation range is forming under this level today. An escape from this range downwards to 1.0704 is expected. And with a breakout of this level downwards as well, the potential for a wave to 1.0626 could open. This is a local target.

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

GBP/USD has completed a decline wave to 1.2502. A consolidation range is forming above this level today. An escape from the range downwards to 1.2470 is expected, possibly followed by a correction to 1.2595. Next, the price might drop to 1.2400.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a growth structure to 144.88. A structure of a consolidation range has formed today around this level. With an escape from the range upwards, the potential for a wave to 147.31 might open. This is a local target. Next, a decline to 144.88 might happen (a test from above), followed by a rise to 148.15. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a rise impulse to 0.8819. Today the pair could correct to 0.8780. After the correction is over, a new growth wave to 0.8833 might start, from where the trend could continue to 0.8899.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a corrective wave to 0.6619. A new decline wave to 0.6555 has formed by now. A consolidation range is forming around this level today. With an escape downwards, the potential for another decline wave to 0.5495 might follow. This is a local target.

Brent

Brent is forming a growth wave to 77.77. Upon reaching this level, a correction link to 75.65 could form, followed by a growth wave to 81.07, from where the trend might continue to 83.25. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a decline impulse to 2026.45. A consolidation range has formed around this level by now. With an escape from the range downwards, the potential for a new decline structure to 1908.00 could form. Upon reaching this level, the price could start correcting to 2026.45 (a test from below).

S&P 500

The stock index is forming a growth wave to 4621.0. Upon reaching this level, the price could make a correction link to 4583.3. Next, a growth wave to 4627.6 might develop.

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.