TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD continues forming a consolidation range around 1.0944 without any obvious trend. With an escape from the range upwards, a correction could develop to 1.1010. With a downward escape, the potential for a decline wave to 1.0733 might open. This is the first target.

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

GBP/USD continues developing a consolidation range around 1.2727 without any obvious trend. A decline link to 1.2685 is expected today. Next, the range could extend to 1.2777, after which a decline wave to 1.2500 might begin.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a growth wave to 144.94. A correction to 143.95 is expected today. When it is over, a new growth wave to 146.44 could start. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues developing a consolidation range under 0.8527. With an escape upwards, the growth potential to 0.8598 could open. This is the first target. Next, a correction link to 0.8464 is expected.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues forming a consolidation range around 0.6705 without any obvious trend. A decline link to 0.6666 is expected. Once this level is reached, a corrective wave to 0.6767 might start, followed by a decline to 0.6600.

Brent

Brent continues developing a consolidation range around 77.55 without any expressed trend. An escape from the range upwards could open the potential for a growth wave to 83.15, from where the trend might continue to 91.50. A downward escape might entail a further correction to 70.00. Next, a growth wave to 95.00 is expected to begin.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a decline wave to 2014.80. Once this level is reached, a new growth wave to 2131.78 might begin, followed by a corrective decline to 2051.55. Next, a new growth wave to 2155.00 is expected.

S&P 500

The stock index continues developing a consolidation range around 4725.5. A growth link to 4770.5 is expected today. Next, a correction to 4725.0 might follow. Once it is over, a new growth structure to 4787.0 might form.

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.