WTI sinks below $ 60 a barrel
USD/JPY Almost To Reach New Target!
USD/JPY could approach and reach new highs as the price is located far above the uptrend line. Breaking above 107.00 and reaching 107.15 could validate further growth!
Forex Analysis & Reviews
WTI sinks below $ 60 a barrel
WTI sank below $ 60 on Tuesday ahead of the upcoming OPEC meeting.
Technical analysis recommendations for EUR/USD and GBP/USD on March 3
The pair has returned to the accumulation zone of various daily and weekly levels, which are now exerting their influence and attraction, increasing the chances of forming
Trading idea for EUR/USD
EUR/USD underwent a correction on Monday, which can be used to profitably enter a decline within the large three-wave structure formed in the H4 chart.
Will Bitcoin's new target of $ 100,000 turn into a reality?
There is a continuous hype around the leading digital currency, which is caused by its sharp growth and no less deafening decline. In view of this, analysts expect Bitcoin to break more records, namely up to the level of $ 100,000.
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New goals for growth. Morning review of the cryptocurrency market for 03/03/21
Some of the growth targets noted yesterday have already been achieved despite a short-term downward pullback. It's time to set the next goals for the top cryptocurrencies and update the technical guidelines.
Technical analysis of GBP/USD for March 3, 2021
The GBP/USD pair is continuing in a bullish market from the support levels of 1.3945 and 1.3911. Also, it should be noted that the current price is in a bullish channel. Equally important, the RSI is still signaling that the trend is upward as it is still strong above the moving average (100) since.
Forecast for Ethereum, March 3, 2021 - BUY SELL. February gain + 10.93%
Ethereum daily forecast based on volume and technical analysis
Fractal analysis of major currency pairs on March 3
The EUR/USD pair considers the key resistance level of 1.1991 and the key support level of 1.2155. The GBP/USD pair is expected to continue the downward trend from February 24 after the level of 1.3839 breaks down. The key support level is set at 1.4085. The USD/CHF will resume the bullish trend.
EUR/USD and AUD/USD: Risk assets rose after a sharp increase in US Treasuries. Meanwhile, Biden and Merkel are considering lifting quarantine measures. Australia's economy is recovering very rapidly.
Risk assets grew amid the continued increase of US bonds.
Analysis and forecast for EUR/USD on March 3, 2021
An important psychological level of 1.2000 - this is not the mark that is passed easily and immediately
Simplified wave analysis and forecast of EUR/USD, AUD/USD, GBP/JPY for March 3
Trading on the euro market today is only possible within the intraday, in fractional lots. When purchasing, you should be careful. After the appearance of reversal signals, priority should be given to the sales of the instrument
Bitcoin forecast for March 3, 2021 – BUY. Result for February is +10.93%
Daily Bitcoin forecast based on volume and technical analysis.
UK budget: start or end of trend?
The sterling has recently shown signs of a possible corrective move, rolling back from the peak of the trend by about 360 points, which, on the one hand, is quite a lot, but still not enough for a full-size correction in the market.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
