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 towards 1.0606. Today the market is forming a consolidation range above this level. With a downward escape from the range, the potential for a wave targeting 1.0585 might open. This is a local target. With an upward escape, a correction link towards 1.0733 is not excluded, followed by a decline to 1.0585.

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

The GBP/USD pair has completed a decline wave towards 1.2405. Today the market is forming a consolidation range above this level. With a downward escape from the range, the potential for a wave towards 1.2380 might open. This is a local target. With an upward escape, a correction link towards 1.2544 is not excluded, followed by a decline to 1.2380.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has completed a growth wave at 154.77. Today the market is forming a consolidation range under this level. With a downward escape, a correction link towards 154.20 is not excluded. With an upward escape, the potential for a wave towards 155.22 could open, from which level the trend could extend to 155.72.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair continues forming a consolidation range around 0.9127 without any obvious trend. A decline link to 0.9185 is not excluded today, followed by a rise targeting 0.9168. This is a local target. Next, a correction to 0.9140 is not excluded (testing from above). Once it is over, a new wave aiming at 0.9180 might begin.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a decline wave at 0.6388. Today the market is forming a consolidation range above this level. With an upward escape from the range, a correction link towards 0.6464 is not excluded. With a downward escape, the wave might extend to 0.6330, from which level the trend could continue to 0.6300. This is a local target.

Brent

Brent continues developing a consolidation range around 89.55. A decline link towards 88.80 is not excluded today. Next, a growth link to 90.20 is not excluded. And if this level also breaks, the potential for a wave towards 92.00 might open, from which level the trend could extend to 94.00. This is a local target.

XAU/USD, “Gold vs US Dollar”

Gold continues forming a consolidation range above 2362.75. With a downward escape from the range, a corrective decline wave towards 2306.66 is expected. Next, a growth link to 2355.00 might form, followed by a decline towards 2266.00.

S&P 500

The stock index has formed a decline wave towards 5040.8. Today the market is forming a consolidation range above this level. With an upward escape from the range, a correction link to 5107.0 is not excluded, followed by a decline to 5000.5. With a downward escape, the decline link might extend to 5000.5, from which level the trend could continue to 4927.7.

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.