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 is currently in a consolidation phase around 1.0650 without any strong trend. A price rise to 1.0693 is not ruled out, followed by a decline to the local target of 1.0585. After the price reaches this level, a correction to 1.0733 could start, followed by a decline to 1.0440.

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

The GBP/USD pair has completed a decline wave, reaching 1.2298. Today, the market may correct to 1.2370 (testing from below). After the correction is over, a decline to 1.2273 is expected. A breakout below this level will open the potential for a wave to 1.2255. Practically, the trend may continue to 1.2200.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming a consolidation range around 154.67 without experiencing any strong trend. An upward breakout will open the potential for a wave to 155.00. With a downward breakout, a correction towards 154.33 could occur, followed by a rise to the first target of 155.75.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has formed a consolidation range around 0.9100. An upward breakout will open the potential for a wave to 0.9130, with the trend potentially continuing to the local target of 0.9195. With a downward breakout, a correction towards 0.9060 could occur, followed by a further growth wave towards 0.9195.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is currently in a consolidation phase around 0.6418. A downward breakout will open the potential for a wave to 0.6300. With an upward breakout, a correction towards 0.6471 could occur, followed by the trend continuation towards 0.6300.

Brent

Brent is currently in a consolidation phase around 87.17. With a downward breakout, the price could continue correcting towards 84.40. An upward breakout will open the potential for a wave to 90.00, from where the trend could develop to 95.00.

XAU/USD, “Gold vs US Dollar”

Gold has exited the consolidation range downwards and completed a decline wave, reaching 2295.63. Today, the market is forming a new consolidation range above this level. The price is expected to break below the range and maintain its downward trajectory to 2214.04, with the trend potentially continuing to 2200.22. This is the target of the corrective wave. Once the correction is over, another growth wave could start, aiming for 2550.00.

S&P 500

The stock index has formed a consolidation range around 4990.0. A downward breakout will open the potential for a wave to 4909.0. With an upward breakout, a correction to 5050.0 (testing from below) could follow. Subsequently, the price might decline by the trend to the first target of 4811.0.

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.