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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 performed a wave of decline to the 1.0818 level. Today, the market is forming a consolidation range above this level. A decline towards 1.0780 could occur, followed by a rise towards 1.0830, representing the local target for the correction wave.

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

The GBPUSD pair is developing a consolidation range of around 1.2727 without a clear trend. An upward breakout could lead to a rise towards 1.2764. Conversely, a downward breakout might extend the wave to 1.2666, potentially extending to 1.2600 as the initial target of the decline wave.

USD/JPY, “US Dollar vs Japanese Yen”

The USDJPY pair is in an extended consolidation range towards 156.83. Today, a new decline towards 155.25 is expected. A breakdown of this level will open the potential for a wave towards 153.60.

USD/CHF, “US Dollar vs Swiss Franc”

The USDCHF pair has performed a wave of growth, reaching 0.9157. Today, a consolidation range is forming below this level. A decline towards 0.9070 could follow as part of a correction, while an upward breakout might extend the wave to 0.9242, representing the local target for the growth wave.

AUD/USD, “Australian Dollar vs US Dollar”

The AUDUSD pair executed a decline wave, reaching 0.6607. Today, a consolidation range above this level is likely. A downward breakout could lead to a continuation of the wave towards 0.6577, potentially extending to 0.6554, the local target for the decline wave.

Brent

Brent is developing a consolidation range around 82.77. Today, a decline towards 81.01 is possible, followed by a potential rise towards 82.77 is possible. An upward breakout of this level could extend the wave towards 84.70, representing the first target of the upward trend.

XAU/USD, “Gold vs US Dollar”

Gold performed a wave of decline, reaching 2366.75. Today, the market is consolidating above this level. A downward breakout could lead to a continuation of the wave towards 2336.33. A breakdown of this level might open the potential for the wave to reach 2321.16, the local target for the decline wave.

S&P 500

The stock index is developing a consolidation range around 5318.0. The market has extended the range to 5345.0. Today, a decline towards 5318.0 (testing from above) is expected. A range extension towards 5351.1 is possible, followed by a new potential decline wave towards 5262.6, the initial target of the decline wave.

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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.