TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has completed a declining wave to 1.0631. By now, it has performed a link of growth to 1.0686. A decline to 1.0648 is expected today. Practically, a consolidation range is forming around this level. The range might then extend to 1.0700. Next, the price could drop to 1.0608 and perform an impulse of growth to 1.0760. This is the first target.

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

GBP/USD has completed a wave of decline to 1.2379. Today the market is forming a consolidation range above this level. A link of growth to 1.2404 is expected. Practically, a consolidation range is forming around this level. It might later extend downwards to 1.2365. After the price hits this level, an impulse of growth to 1.2444 might develop. This is the first target.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has completed a wave of growth to 147.94. Next, a decline to 147.51 and a link of growth to 147.99 could form. After the quotes reach this level, an impulse of decline to 146.95 might follow. This is the first target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has completed a wave of growth to 0.8976. Today the market is forming a consolidation range under this level. A link of decline to 0.8947 is expected, followed by a link of growth to 0.8980. Upon reaching this level, the price could form a declining impulse to 0.8888. This is the first target.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed a link of growth to 0.6472. A wave of decline to 0.6420 could form today. After that a link of correction to 0.6446 and a decline to 0.6393 are expected. The latter is a local target.

Brent

Brent has completed a wave of correction to 92.15, and today it could extend to 96.30. Upon reaching this level, the price might form a link of decline to 94.15. Next, a rise to 97.15 could follow. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold has formed a consolidation range around 1917.15 and might escape it upwards, extending its correction to 1933.00. After the price reaches this level, a link of growth to 1901.33 is expected. This is a local target.

S&P 500

The stock index has completed an impulse of decline to 4449.0. Today the market is forming a consolidation range above this level. An escape downwards to 4416.5 is expected. Upon reaching this level, the price could develop a link of correction to 4468.4 (with a test from below). Next, a decline to 4389.0 is expected. 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.