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 growth phase, reaching 1.0890. Today, a consolidation range could form around this level, possibly extending to 1.0909. Next, a decline wave might start, aiming for 1.0820 and potentially continuing to the first target of 1.0730.

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

The GBP/USD pair has completed a growth phase, reaching 1.2700. A consolidation range is currently forming around this level, possibly extending to 1.2727. Next, a decline wave might start, aiming for 1.2580 and potentially continuing to the first target of 1.2444.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has corrected towards 155.90. Today, the market is forming a consolidation range below this level. A downward breakout and a new wave targeting 152.20 are expected, from where the trend could develop to the local target of 151.40.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has completed a growth impulse, reaching 0.9072. Today, a correction could follow, targeting 0.9027. Once the correction is complete, another growth wave might start, aiming for 0.9144 as the local target.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline impulse, reaching 0.6654. Today, the price is expected to rise to 0.6685. Practically, a new consolidation range is forming. A downward breakout will open the potential for a decline wave towards 0.6587, potentially continuing to the first target of 0.6555.

Brent

Brent has formed a consolidation range around 82.75. An upward breakout will open the potential for a wave towards 84.64. After reaching this level, the price could correct towards 82.75 (testing from above), subsequently rising to the local target of 86.40.

XAU/USD, “Gold vs US Dollar”

Gold has completed a decline impulse, reaching 2370.80. Today, a correction of this impulse towards 2389.00 is expected. Next, a new decline wave could start, aiming for 2339.15 and potentially continuing to the first target of 2331.00.

S&P 500

The stock index is forming a consolidation range around 5311.1. A decline impulse towards 5296.0 is complete today. A rise to 5311.1 (testing from below) is expected. An upward breakout of the range will open the potential for a wave towards 5333.0, followed by a decline towards 5264.0. A downward breakout will open the potential for a decline wave to 5252.0, potentially continuing to the first target of 5171.5.

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.