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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”

The EUR/USD pair completed a growth wave structure to the 1.0823 level. Today the market has formed a consolidation range around this level and, escaping it upwards, might extend the correction to 1.0852. Once it is over, a new decline wave to 1.0774 could begin.

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

The GBP/USD pair completed a growth wave to 1.2640. Today the market is forming a consolidation range around this level. With an escape upwards, the correction could extend to 1.2681. Once this corrective wave is over, a decline to 1.2583 might start. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues developing a consolidation range around the 150.04 level. By now, the market has extended the range to 150.45. Today a decline link to 149.55 is expected. Next, a growth link to 150.04 might follow (a test from below). After that, the quotes could drop to 149.37.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues falling to the 0.8775 level. Once this level is reached, a growth wave to 0.8837 might begin, followed by a decline to 0.8806. Practically, a wide consolidation range is expected to develop. With an escape from the range upwards, the trend could continue to 0.8898.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair continues forming a growth link to 0.6578. Next, a consolidation range might conclude. With an escape from the range upwards, the correction could extend to 0.6626. Once the correction is over, a decline wave to 0.6535 might start, from where the trend could continue to 0.6435.

Brent

Brent continues developing a consolidation range around the 81.52 level without any obvious trend. A growth link to 82.98 is expected today. If this level also breaks upwards, the potential for a growth wave to 84.82 might open, and the trend could extend to 86.50. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range around 2026.34. Today the quotes could break the range upwards to 2036.66. Once this level is reached, a decline wave to 2010.80 might start. This is the first target.

S&P 500

The stock index has completed a decline wave structure to 4947.0, concluding a growth impulse to 5018.0 today. Currently, a consolidation range is forming around this level. With an upward escape, a growth link to 5030.0 is expected. With an escape downwards, a decline to 4988.0 could follow. Practically, a wide consolidation range is expected to form at the top of the growth wave.

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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.