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 decline wave to 1.0878. A consolidation range could form around this level today. With an escape from the range downwards, the wave could extend to 1.0800. This is a local target. Once this level is reached, a growth link to 1.0878 (testing from below) is not excluded. Next, a decline to 1.0777 might follow. This is the first target.

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

The GBP/USD pair has completed a decline wave to 1.2732. A new consolidation range could develop around this level today. With an escape from the range downwards, the wave might extend to 1.2644. This is a local target.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed a growth wave to 148.64. A consolidation range could form around this level today. With an upward escape from the range, the wave might continue to 149.32. This is a local target.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has completed a growth wave to 0.8850. A consolidation range might form under this level today. Breaking the range downwards, the price could form a correction link to 0.8815, followed by a rise to 0.8880. This is a local target.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave to 0.6556. A consolidation range could form above this level today. With a downward escape from the range, the potential for a wave to 0.6506 might open. This is a local target.

Brent

Brent has completed a growth wave to 85.17. A consolidation range could form under this level today. With an upward escape from the range, a growth link to 85.55 is expected, from which level the trend might continue to 86.66. This is the first target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range around 2172.33. A further decline to 2139.20 is expected. If this level breaks, the potential for a wave to 2101.11 could open. This is a local target.

S&P 500

The stock index continues forming a consolidation range around 5148.0 without any obvious trend. Today the range could expand to 5200.0. Once this level is reached, a decline wave to 5100.0 might begin. Next, a growth link to 5148.0 (testing from below) could follow. And next, a decline wave to 5055.0 is expected to start.

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.