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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 exited the consolidation range upwards and completed a corrective wave, reaching 1.0894. Today, a decline wave could develop, aiming for 1.0805. After reaching this level, the price could rise to 1.0850 (testing from below) and then decline to 1.0770, with the trend potentially continuing to the first target of 1.0724.

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

The GBPUSD pair has exited the consolidation range upwards and completed a corrective wave, reaching 1.2700. Today, a new decline wave could develop, aiming for 1.2615. A breakout of this level will open the potential for a wave to 1.2525. This is the first target of another decline wave.

USD/JPY, “US Dollar vs Japanese Yen”

The USDJPY pair has completed a decline impulse to 154.80 and corrected to 155.75. Today, the market is forming a decline wave targeting 153.60. Once the price hits this level, a rise to 154.82 (testing from below) could follow. Subsequently, a decline wave could start, aiming for 152.90 as the first target of the downtrend.

USD/CHF, “US Dollar vs Swiss Franc”

The USDCHF pair has exited the consolidation range downwards and completed a corrective wave, reaching 0.8990. Today, a growth wave could follow, aiming for 0.9044 and potentially continuing to 0.9100. This is the first target of the growth wave.

AUD/USD, “Australian Dollar vs US Dollar”

The AUDUSD pair has exited the consolidation range upwards, reaching 0.6712. Practically, the correction is considered to be complete. Today, a new decline wave is expected, aiming for 0.6626 and potentially continuing to the first target of 0.6555.

Brent

Brent is currently in a consolidation phase around 82.55. Today, a growth wave targeting 84.24 could develop. After the price reaches this level, a correction to 82.55 (testing from above) is expected, followed by another growth wave to the local target of 85.88.

XAU/USD, “Gold vs US Dollar”

Gold has exited the consolidation range upwards and completed a corrective wave, reaching 2396.66. Today, a decline wave could start, aiming for 2329.96 as the first target of the decline wave.

S&P 500

The stock index has exited the consolidation range upwards and completed a growth wave, reaching 5321.2. Today, a decline wave towards 5250.5 could start. After the price reaches this level, a corrective phase could follow, targeting 5285.0 (testing from below). Next, a decline wave could start, aiming for 5200.0 as the 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.