Analytics and trading signals for beginners. How to trade GBP/USD on March 1? Analysis of Friday. Getting ready for Monday
Analytics and trading signals for beginners. How to trade GBP/USD on March 1? Analysis of Friday. Getting ready for Monday
The pound finally started to fall, but it was a very strong and counter-trend move.
Forex Analyse & Reviews
Mastercard: Bitcoin cannot be used as a means of payment.
The market recorded large sales of bitcoins, preceding the moment of the collapse of quotes.
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?
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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.
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.
Gold price at its weekly lows
Gold price today broke below the double bottom formation and the November low at $1,763. Price has sharply moved lower towards $1,730 as expected by our previous analysis, making a low at $1,716. Short-term trend remains bearish.
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.
AUD/USD Hot Forecast for 26 February, 2021
AUD/USD fails to stage a convincing rebound, slumps to weekly lows near 0.7750
EURUSD: The euro continues to fall, and Germany plans to lift quarantine measures. The French economy will continue to shrink in the 1st quarter of this year
The euro ignores the good news from Germany and continues to decline against the US dollar, as does the British pound. The fall in risky assets and the strengthening of the US dollar began yesterday
Markets are getting hot again: EUR/USD faces deeper drawdown?
The dovish comments from the Federal Reserve Chairman Jerome Powell on Tuesday and Wednesday only temporarily helped ease concerns about rising US government bond yields. By Thursday, the pressure on the markets returned.
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