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 continues developing a consolidation range around 1.0823. By now, it has expanded the range downwards to 1.0808. Today the market has performed a technical test of 1.0823 from below. With an upward escape from the range, a further correction towards 1.0860 is not excluded. With a downward escape, the wave might extend to 1.0780. Once this level is reached, a correction towards 1.0890 could begin.

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

The GBP/USD continues developing a consolidation range around 1.2621. With an upward escape from the range, a correction to 1.2666 could follow. With a downward escape, the potential for a wave towards 1.2545 might open. Once this level is reached, a correction wave to 1.2740 could begin.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair continues developing a consolidation range around 151.45. A decline link towards 150.95 is not excluded today, after which the quotes could rise to 151.50. A breakout of this level might open the potential for growth towards 152.00, from which level the trend could extend to 152.80.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues developing a consolidation range around 0.9044. With a downward escape from the range, a correction link towards 0.8972 is not excluded. With an upward escape, the potential for a wave to 0.9100 might open, from which level the trend could continue to 0.9125.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair continues developing a consolidation range around 0.6525. With an upward escape from the range, the potential for a correction towards 0.6555 might open. With a downward escape, the potential for a wave towards 0.6486 might open, from which level the trend could continue to 0.6433. This is a local target.

Brent

Brent continues developing a consolidation range around 85.65 without any obvious trend. By now, the market has expanded the range towards 84.47. Today the market is at the 85.77 level. With a downward escape from the range, the potential for a correction to 83.55 might open. With an upward escape, the potential for a wave to 89.00 could open, from which level the trend might extend to 91.11.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a consolidation range around 2173.80. A growth link to 2200.00 might form today. Next, a decline to 2173.80 is expected. With a downward escape from this range, the potential for a wave to 2151.00 might open. With an upward escape, a growth link to 2225.00 is not excluded.

S&P 500

The stock index continues developing a consolidation range around 5244.0. By now, the market has expanded the range upwards to 5263.0. The growth link could extend to 5268.0, from which level the trend might continue to 5278.0. The market is at the highs of a growth wave and might crash by the trend towards 5146.4 at any moment. This is the first target.

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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.