TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The EURUSD pair has completed a growth wave towards 1.0733 and a decline link to 1.0678. Practically, the boundaries of a consolidation range have been set. Today the market is hovering at its upper boundary. Range extension towards 1.0750 is not excluded. Next, a decline wave targeting the lower boundary of the range could start. And if the 1.0670 level is breached, the potential for a decline towards 1.0585 might open.

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

The GBPUSD pair has completed a growth wave towards 1.2500 and a decline link to 1.2456. Practically, the boundaries of a consolidation range have been set. Today the market might extend the range towards 1.2538. Next, a decline wave targeting the 1.2444 level could start. And if this level is breached, the potential for a decline by the trend towards 1.2360 might open.

USD/JPY, “US Dollar vs Japanese Yen”

The USDJPY pair has completed a growth wave towards 155.95. Today the market is forming a consolidation range around this level. With an upward escape from the range, the potential for a rise to 156.46 could open, and once this level is reached, a decline wave targeting 154.54 could begin. This is the first target of the decline wave.

USD/CHF, “US Dollar vs Swiss Franc”

The USDCHF pair has completed a growth wave towards 0.9155. A decline link targeting 0.9101 is not excluded today. Next, a growth wave might extend towards 0.9195. This is the first target of the growth wave. Once this level is reached, a correction towards 0.9100 could follow.

AUD/USD, “Australian Dollar vs US Dollar”

The AUDUSD pair has completed a growth wave towards 0.6537 and a decline link to 0.6458. Practically, the market has set the boundaries of a consolidation range. A growth link to 0.6544 is not excluded. Next, a new decline wave towards 0.6480 is expected to start. And if this level also breaks, the potential for a wave targeting 0.6420 might open. This is the first target of a new decline wave.

Brent

Brent has completed a growth wave to 88.00. A consolidation range is expected to form around this level today. With an upward escape from the range, the potential for a wave targeting 89.30 might open, from which level the trend could extend towards 92.00. With a downward escape, a correction link to 86.30 is not excluded. Next, the trend is expected to extend towards 92.00. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has completed a growth wave targeting 2344.44. The market is forming a consolidation range under this level today. An escape downwards is expected, after which a decline wave targeting 2306.90 could start. Once this level is reached, a growth link to 2323.00 (testing from below) is not excluded. Next, a decline wave targeting 2275.00 could continue. This is a local target of the decline wave.

S&P 500

The stock index has formed a correction wave towards 5092.2 and a decline wave targeting 4990.0. Practically, the market has set the boundaries of a consolidation range. Today the market is at the upper boundary of this range. A decline towards 4990.0 is expected. And if this level also breaks, the potential for a wave towards 4904.0 could open. This is a local target of the decline wave.

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.