Forecast for EUR/USD on March 1, 2021
Forecast for EUR/USD on March 1, 2021
The euro slightly grows before it attacks 1.2023 and 1.1915.
Forex Analysis & Reviews
Forecast for USD/JPY on March 1, 2021
The USD/JPY pair rushes to the 107.35/50 range to further accelerate the growth later.
$ 44,000 per coin – a critical level for bitcoin
Super-volatility of bitcoin scares away management and investment companies. Investors are abandoning the "cue ball" due to uncertainty.
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GBP/USD. Preview of the new week. NonFarm Payrolls, Joe Biden's "economic rescue plan", conflict in the Middle East.
The pound has started a long-awaited downward correction (pullback), however, it risks ending very quickly.
EUR/USD. Preview of the new week. Next week will be very important for the dollar. The number of factors affecting it has increased.
The new week promises to be very productive. The main question is: will the US currency continue to strengthen?
EUR/USD. Geopolitics and Treasury Yield growth: Greenback's bubble may burst soon
The geopolitical fundamental factors must be treated with a certain amount of caution, if only because the term of their "action" is very limited. Treasury yield growth is also based on rather shaky arguments. All this suggests that the dollar's appreciation may be temporary.
Trading plan for the GBP/USD pair for the week of March 1-5. New COT report (Commitments of Traders). The pound has moved away from 2.5-year highs, but what's next?
Buyers recorded only a part of the profit on long positions. Will the collapse of the overbought British currency now begin?
Trading plan for the EUR/USD pair for the week of March 1-5. New COT report (Commitments of Traders). The Syrian attack and strong macroeconomic statistics from the US helped the dollar.
The main plan for the coming months is still the fall of the US currency. However, in the next few weeks, the quotes may move sideways.
Ichimoku cloud analysis on EURUSD
EURUSD is ending the week at its lowest levels. Having reached our target 1.2220, it is a bearish sign to see such a strong reversal. Price tried to break out above the Ichimoku cloud (Kumo) but it got rejected and is now challenging the lower cloud boundary. Trend remains neutral in Ichimoku.
USDJPY reaches our next target of 106.70
USDJPY remains in a bullish trend. Price has reached the upper channel boundary at 106.70 which was our target that we mentioned in our previous post. The RSI continues to provide a warning to bulls as it was not able to make higher highs.
Ethereum still under pressure near February lows.
Ethereum is trading at $1,450 area after a strong bounce from $1,365 to $1,707. In our last analysis about Ethereum we mentioned that as long as price is below $1,776 we expect price to remain vulnerable to a move at least to recent lows of $1,365 and maybe lower.
February 26, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
A recent bullish spike has pursued above 1.2150 - 1.2175 (backside of the broken channel limit) where bearish rejection was previously anticipated.
However, Further bullish movement was expressed to pursue towards 1.2250 which applied significant bearish pressure on the pair.
February 26, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Another temporary bullish movement was expressed above the previous WEEKLY High (1.3700).
Further upside movement was expected towards the upper limit of the current movement channel around 1.4100-1.4150 where bearish rejection and a possible SELL Entry were expected.
February 26, 2021 : EUR/USD daily technical review and trade recommendations.
Buying pressure was applied on the pair. That's why, the RECENT upside movement extended towards the resistance level around 1.2175 which failed to offer sufficient downside pressure on the pair.
Hence, another upside movement was expressed towards 1.2250 where significant SELLING Pressure was.
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.
