J. Powell supported the risk demand and dismissed concerns about the Fed's plans. Overview of USD, CAD, JPY
J. Powell supported the risk demand and dismissed concerns about the Fed's plans. Overview of USD, CAD, JPY
Fed Chairman, J. Powell, dismissed concerns about the Fed's readiness to continue buying bonds, which supported the demand for risky assets
Pregled Forex analiza
EUR/USD. Nice try, but no: bears failed to develop downward momentum
The bears of the EUR/USD pair tried to develop a correction, taking advantage of the dollar's short-term growth. But the downward momentum faded as sellers approached the bottom of the 21st figure.
Analytics and trading signals for beginners. How to trade EUR/USD on February 25? Analysis of Wednesday. Getting ready for Thursday
The euro/dollar pair slightly corrected on Wednesday, but kept the upward trend at the same time, which will now be supported by the second trend line.
February 24, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
The price zone around 1.2000 provided temporary bullish SUPPORT for the EURUSD. However, lack of bullish momentum was recently demonstrated. That's why, we were waiting for a bearish continuation Pattern.
Bearish persistence below 1.2000 enhanced temporary bearish movement towards 1.1960 where.
February 24, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Short-term outlook can turn into bearish if only the GBP/USD pair could break below and maintain movement below 1.3900 which corresponds to a recent prominent KeyZone.
If so, a quick bearish decline towards 1.3400 would be expected.
February 24, 2021 : EUR/USD daily technical review and trade recommendations.
Recent Buying Pressure existed around 1.1950, leading to the current quick upside spike above 1.1990 again.
Further buying pressure was applied on the pair. Hence, the current upside movement has extended towards the depicted resistance level near 1.2175 where significant Selling Pressure is being.
EUR/USD: Unwavering Powell and the unsinkable dollar
This week's top newsmaker is Fed Chairman Jerome Powell
Short-term technical analysis on Gold.
Gold is trading again below $1,800. Price made a low today at $1,783, but there are still hopes for bulls to see a move towards $1,838. Gold price so far has made a higher low at $1,783. If price breaks above the resistance trend line at $1,810 then we should expect a sharp move to $1,840.
USDJPY near 2021 highs
USDJPY remains in a bullish trend since the end of 2020. Price is moving steadily higher and higher. Price continues respecting key support trend line and is still making higher highs and higher lows. In our previous analysis when price was challenging the support trend line, we mentioned that this.
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Ichimoku cloud analysis of EURUSD
In the Daily chart of EURUSD price remains inside the Daily Kumo (Cloud). This implies that trend is neutral. So far support at 1.1950 holds and price does not break below the Ichimoku cloud. The tenkan-sen has crossed above the kijun-sen and this is a weak bullish signal. Price is above both the.
Short-term analysis on ETH/USD
Ethereum made a low yesterday at $1,365 after topping at $2,032. Price is bouncing off the $1,365 low and so far price has retraced up to the 50% Fibonacci level. The major short-term resistance level that must be broken is at the 61.8% Fibonacci level at $1,776.
Evening review of EUR/USD on February 24, 2021
The euro is under pressure ahead of Jerome Powell's second speech
Bitcoin gets out of the hole: top 3 events guaranteeing cryptocurrency growth
After a powerful decline of 25%, the cryptocurrency market is gradually beginning to recover its position (however, it is still far from reaching record levels). After declining $12,000, Bitcoin managed to gain a foothold at $50,000 and continues to grow.
NZD/USD: Kiwi flies to new heights
In the middle of this week, the New Zealand dollar was among the market leaders. Before the rise, the NZD/USD pair sank noticeably, but then the kiwi gained height. On Wednesday, February 24, the kiwi consolidated at local highs, entering an upward spiral. The kiwi's meteoric rise was boosted by.
GBP/USD: plan for the US session on February 24 (analysis of morning trades)
In my morning forecast, I paid attention to the resistance of 1.4186 and recommended to act based on this level. Let's look at the 5-minute chart and talk about where you could and should have sold the pound
Trading Signal for EUR/USD for February 24 - 25, 2021: Key level 1.2140 - Symmetrical Triangle
On the 4-hour chart, we can also see the formation of a symmetrical triangle. If the pair breaks below this triangle that is below 1.2143, there could be a slowdown to the 5/8 Murray support zone at 1.2085.
Trading Signal for GBP/USD for February 24 - 25, 2021: Key level 1.4135
In the 1-hour chart, we can see the 6/8 Murray line, this level is now offering resistance to the GBP / USD pair. If the British pound moves below this level, there could be a technical correction.
Predstavljamo Vam svakodnevno ažuriranu sekciju analiza, koja se sprovodi od strane profesionalnih analitičara kompanije InstaForex. Svaki od stručnjaka koji su predstavljeni u ovom odeljku, vrši analitička istraživanja u skladu sa svojom vizijom trenutne situacije na međunarodnom Forex tržištu. Međutim, sve predstavljeno u opisu nije direktna preporuka ili razlog za akciju, jer ona sadrži isključivo analizu trenutne situacije na valutnom tržištu. U određenim slučajevima mišljenja analitičara o promenama trenutne tržišne situacije se mogu razlikovati, ovim putem, preporučujemo Vam da pratite publikacije samo jednog analitičara, koji je po Vašem mišljenju najjasniji i pravilno ocenjuje situaciju na međunarodnom Forex tržištu.
