Technical analysis as of 01.03.2021
euro The currency pair against the US dollar has adjusted to 1.2066. Today, the market is trading above it in terms of consolidation. We expect the correction channel to come out of the channel and rise to 1.2140. The goal is the first. Then – down to 1.2104.
Pound currency pair to US dollar worked a wave of decline to 1.3888. Today, the market is trading at 1.4040. Next, consider the probability of a reduction to 1.3830. Then there is the increase to the level of 1.4140.
the currency pair of the US dollar against the Russian ruble has reached a growth rate of 74.69. At the moment, the market is creating a number of consolidations around it. With the exit from it, the potential to continue the trend to 75.80 will open. With the exit down, it is possible to fall to 73.03.
THE CURRENCY PAIR OF THE US DOLLAR TO THE JAPANESE YEN has worked a wave of growth to 106.55. Today, the market trades around it for consolidation. With the way out of it, the potential to drop to 106.06 will open. The goal is the first. Next, we expect a link to the increase to 106.36.
US dollar currency pair to Swiss franc is traded in terms of consolidation around the level of 0.9070. Currently, extension of the range to 0.9115 is not excluded. Then relapse to 0.9025. And with its split, it will open up a potential reduction to 0.8950.
The Australian dollar against the US dollar traded in a downward tide to 0.7714. The market is currently trading at 0.7848. Then we expect a drop to 0.7760. Then there is the increase to the level of 0.7950.
Oil worked wave correction to the level of 64,22. Currently, the market remains in the growth structure to 66.75. Then – correction to 65,10. Then there is the increase to 68.82.
Gold has reached the target of a wave of decline to 1720.30. Today, the market maintains growth structure to 1764.80 (bottom test). Next, let’s look at the probability of a drop to 1713.55 (at least).
Bitcoin market worked down to 43,000. Today we expect an increase to 48,000. Next, let’s look at the probability of a drop to 41700.
The stock market index traded at 3811.2. At the moment, the market is trading around it in terms of consolidation. With the exit from this, the development potential of 3726.9 will open. With the increase in production, it is not excluded to continue the increase to the level of 3973.0.
Inadd to the listInattence!
Financial Market Forecasts are private opinions of the authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may occur when using the trading recommendations of the presented reviews.