TRENDING:

XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD continues developing a consolidation range around 1.0955. A growth link to 1.0980 is expected today. If this level breaks upwards, the potential for a rise to 1.1010 might open. This is a local target.

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

GBP/USD continues developing a consolidation range around 1.2727. A growth link to 1.2784 is expected today. If this level also breaks upwards, the potential for a wave to 1.2812 could open, so that the wave might extend to 1.2844. Next, a decline to 1.2690 could follow.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY continues developing a growth wave to 145.35. Next, a decline link to 144.00 is expected. With a breakout of this level downwards, the potential for a wave down to 142.80 could open. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF continues developing a consolidation range around 0.8530. Today it is expected to extend upwards to 0.8577. This is the first target. Next, a correction to 0.8458 might start.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD continues developing a consolidation range around 0.6682. A link of decline to 0.6640 might form today. This is a local target.

Brent

Brent has completed a correction link to 78.03. Today the growth wave might extend to 81.70, from where the trend might extend to 82.82. This is a local target. Next, a decline to 79.10 is expected (a test from above), followed by a rise to 84.00.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a growth wave to 2071.45. Once this level is reached, a correction link to 2050.00 is not excluded. Next, a growth link to 2131.78 is expected.

S&P 500

The stock index continues developing a consolidation range around 4770.0. Today the price could drop to 4738.0, followed by a rise to 4770.0 (a test from below). After that, the quotes could drop to 4704.0. 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.