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 correction structure towards 1.0689. Today the market has formed a decline wave to 1.0610 and a growth link towards 1.0638 (testing from below). The decline wave is expected to extend to 1.0585. This is a local target. Once this level is reached, a correction to 1.0733 might start, followed by a decline to 1.0480. This is the first target.

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

The GBP/USD pair has finished correcting at 1.2483. Today the market continues developing the decline wave. A wave structure targeting 1.2389 has formed by now. A growth link to 1.2427 is not excluded, followed by a decline to 1.2380. This is a local target. Once this level is reached, a correction to 1.2380 might start, followed by a decline to 1.2222. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has corrected to 153.59. Today the market is forming a growth wave to 154.66. Once this level is reached, a decline to 154.10 is expected, after which a new growth wave towards 155.20 might begin, from which level the trend could continue to 155.75.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken a consolidation range downwards, reaching the correction target of 0.9009. Today the market is forming a growth structure to 0.9111. Once this level is reached, a decline link to 0.9060 is not excluded. Next, a new growth wave to 0.9150 might start, from which level the trend could continue to 0.9196. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a correction wave targeting 0.6455. Today the market continues developing the decline wave. A wave targeting 0.6360 has formed by now. A growth link towards 0.6419 is not excluded (testing from below). Next, a decline to 0.6350 might follow, from which level the trend could extend to 0.6314. This is the first target.

Brent

Brent has completed a correction wave targeting 85.65. Today the market is forming a growth wave targeting 90.30. Once this level is reached, a decline wave targeting 88.00 is not excluded, followed by a rise to 92.00, from which level the trend might extend to 95.00.

XAU/USD, “Gold vs US Dollar”

Gold has escaped a consolidation range upwards, completing a growth structure targeting 2417.66. Today the market has returned to 2380.70 (testing from above). Another growth structure targeting 2435.78 is not excluded. Once this level is reached, a decline wave towards 2324.55 might begin. This is the first target.

S&P 500

The stock index has formed a consolidation range around 5045.5, forming a wave structure towards 4928.0 with a downward escape. A growth link to 4978.0 is not excluded today (testing from below). Next, a decline to 4908.0 might follow, from where the trend could continue to 4875.8. This is a local target.

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.