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 1.0857. Today, a downward breakout towards 1.0831 is expected. After the price reaches this level, a new narrow consolidation range might form. A downward breakout will open the potential for a wave towards the local target of 1.0780.

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

The GBP/USD pair is currently in a consolidation phase around 1.2705 without any strong trend. With an upward breakout, the price could rise towards 1.2764. A downward breakout will open the potential for a decline wave towards 1.2666, potentially continuing towards 1.2604 as the first target of the decline wave.

USD/JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is currently in a consolidation phase around 156.08 without any strong trend. With a downward breakout, the wave might develop towards 154.44, potentially expanding towards the local target of 152.20.

USD/CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is currently in a consolidation phase around 0.9109. With an upward breakout, the wave might continue towards 0.9130, potentially expanding towards 0.9150, representing the first target of the next growth wave.

AUD/USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed a corrective wave, reaching 0.6684. Today, a decline towards 0.6631 could follow. Once the price reaches this level, a new narrow consolidation range is expected to form around this level. With a downward breakout, the trend might continue towards 0.6555, representing the local target.

Brent

Brent is currently in a consolidation phase above 82.02. A decline towards 81.81 is not ruled out. After the price hits this level, a new growth wave could start, aiming for 83.30. An upward breakout of this level will open the potential for a wave towards 84.70, representing the first target of the uptrend.

XAU/USD, “Gold vs US Dollar”

Gold has completed a growth wave, reaching 2433.90. Today, the market has formed a consolidation range below this level. With a downward breakout, the wave might develop towards 2390.55. A breakout of the level will open the potential for a movement by trend towards the local target of 2347.74.

S&P 500

The stock index is currently in a consolidation phase around 5303.0. The market has extended the consolidation range towards 5331.0. Today, a decline towards 5303.0 is expected. A downward breakout of this level will open the potential for a wave towards 5272.0, representing 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.