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 corrective wave to 1.0896. At the moment, the market continues developing the decline wave to 1.0755. Once this level is reached, a correction link to 1.0792 is not excluded, followed by a decrease to 1.0740.

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

The GBP/USD pair has completed a correction wave to 1.2770. Today the decline wave might extend to 1.2555. Once this level is reached, a growth link to 1.2614 could form, followed by a decline to 1.2520.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has corrected to 145.90, and today the growth wave might extend to 148.92. Once this level is reached, a correction link to 147.70 is not excluded, followed by a rise to 149.47.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has corrected to 0.8555. Today the market is forming the structure of a new growth wave to 0.8700. Next, a correction link to 0.8650 is not excluded, followed by a rise to 0.8741.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a growth wave to 0.6607. Today the market continues developing a decline wave to 0.6410. Once this level is reached, a correction link to 0.6509 is not excluded. Next, a new decline wave to 0.6355 could start.

Brent

Brent has completed a correction wave to 77.22. A consolidation range could form above this level today. With an escape from the range upwards, a new growth wave to 80.90 might start. And if this level also breaks, the wave could extend to 85.90. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold continues developing a decline wave to 2020.20. Once this level is reached, a growth link to 2067.11 is not excluded, followed by a decline to 1976.55. This is a local target.

S&P 500

The stock index has completed a growth wave to 4973.9. A decline to 4903.9 might follow today. Next, the market might form a correction to 4939.9 and a decline to 4831.5. This is the first 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.