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 has completed a decline wave towards 1.0914. A correction link to 1.0941 is expected today. Practically, the market has set the frames for a consolidation range. With a downward escape from the range, the decline wave could extend to 1.0888. And with a breakout of this level as well, the trend might continue to 1.0831. This is a local target.

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

The GBP/USD pair has completed a decline wave towards 1.2795. A correction to 1.2842 might follow today, thus setting the frames for a consolidation range. Breaking this range downwards, the decline wave might extend to the 1.2747 level. This is a local target.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has formed a consolidation range above 146.50. Today the market has broken the upper boundary of this range. A growth wave is expected to develop towards 148.00. Once this mark is reached, a correction link to 147.27 (testing from above) is not excluded, followed by a rise to 148.70. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has completed a growth wave towards 0.8794. A correction structure to 0.8760 is forming today. Once this level is reached, the quotes could rise to 0.8808, from where the trend might extend to 0.8834. This is a local target.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave to 0.6595. A correction structure is forming to 0.6631 today. Once this level is reached, a decline wave towards 0.6580 could form, from where the trend could extend to 0.6531. This is a local target.

Brent

Brent has completed a growth impulse to 82.41, and a correction link to 81.70 is not excluded today. Once this correction is over, the growth wave could continue to 83.83. This is the first target of the uptrend.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range under 2195.00. Breaking the range downwards, a correction to 2103.60 might also develop. Once it is over, a growth wave to 2220.00 might begin. This is the first target.

S&P 500

The stock index has completed a decline wave towards 5098.0. A growth link to 5155.0 is expected today. Practically, the market has set the frames for a consolidation range. With an upward escape from the range, a growth link to 5215.0 is not excluded, followed by a decline to 4980.0. This is the first target. With a downward escape from the range, the potential for a decline wave to 5020.0 might open, from where the trend could extend to 4980.0.

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.