TRENDING:

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 extends a correction wave to 1.0858. Today the market is forming a narrow consolidation range under this level. With an escape from the range upwards, further correction to 1.0872 is not excluded. With a downward escape, the decline wave could continue to 1.0790.

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

The GBP/USD pair continues developing a consolidation range around 1.2676. Today the range could expand to the 1.2707 level. Next, a decline to 1.2660 might follow. With an escape from the range downwards, the potential for a wave to 1.2600 could open. With an upward escape, a growth link to 1.2750 could form.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues forming a consolidation range around the 150.44 level without any obvious trend. A decline link to 150.15 is expected today. Next, a growth link to 150.44 (testing from below) and a decline to 149.37 might follow. Once this level is reached, a new growth link to 151.18 might start. The potential for a growth wave to 151.18 might also open with an upward escape from the range. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues developing a consolidation range around 0.8823. Today the quotes could drop to 0.8776. Once this level is reached, a growth link to 0.8823 might follow. With a downward escape from the range, a decline link to 0.8733 is not excluded. With an upward escape, the trend could extend to 0.8865.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave to 0.6537. By now, a consolidation range has formed around this level. Today the market has escaped the range upwards and might form a growth link to 0.6555. Once this level is reached, a decline to 0.6515 is expected. This is a local target.

Brent

Brent has formed a consolidation range around 81.66 without any obvious trend. With a downward escape from the range, the correction could extend to 79.00. With an upward escape, the potential for a growth wave to 85.85 might open. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a wide consolidation range around 2026.34 without any expressed trend. Today the market could expand the range upwards to 2042.00 and then drop to 2026.00. With an upwards escape from the range, the growth wave to 2055.00 might continue. With a downward escape, the potential for a decline wave to 2011.00 could open.

S&P 500

The stock index has performed a correction to 5065.0. A growth link to 5090.0 might form today, followed by a correction to 5045.0. Once the correction is over, a new growth wave to 5144.0 could start.

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.