TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EURUSD has expanded a consolidation range towards 1.0905 and broken below the 1.0880 level today. A decline towards 1.0852 is expected, followed by a rise to 1.0880 (testing from below). Next, the price could continue its downward movement to the local target of 1.0795.

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

GBPUSD is currently in a consolidation phase around 1.2731. Today the range is expected to expand to 1.2704. Next, the price could rise to 1.2731 (testing from below) and decline to 1.2644, with the trend potentially continuing to 1.2570. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has completed a growth wave, reaching 150.00. Given the consolidation range formed around 149.15 and an upward breakout of the range, upward momentum might continue to 150.66. After reaching this level, the price could correct to 149.15 (testing from above), subsequently maintaining its upward trajectory to 151.77.

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has completed a growth wave, reaching 0.8888. Today the market is forming a consolidation range below this level. An upward breakout will open the potential for a movement towards 0.8919. Once the price hits this level, it could undergo a correction towards 0.8877, subsequently rising to 0.8933.

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD continues its downward momentum, aiming for the local target of 0.6506. After reaching this level, the price could undergo a correction towards 0.6570 and subsequently decline to 0.6477. This is the first target.

Brent

Brent has completed a growth wave, reaching 86.60. Today a link of correction to 85.55 (testing from above) is expected. Once the correction is over, the price might maintain its upward trajectory to 87.00, potentially expanding the structure towards 87.66. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold is currently in a consolidation phase around 2159.10. An upward movement targeting 2165.60 is not ruled out, followed by a decline towards the local target of 2138.00.

S&P 500

The stock index is currently in a consolidation phase around 5151.0. Today a link of decline to 5141.0 could occur. With a breakout of this level, the movement could continue to 5115.0, followed by a rise to 5151.0 (testing from below).

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.