Technical analysis as of 03.03.2021

03.03.2021

EURUSD

Euro The currency pair against the US dollar has adjusted to 1.2000. Today, the market has worked to link growth to 1.2090 and at the moment is trading around this level in a narrow range of consolidation. With the exit from it down does not exclude a drop to 1.2060. We then expect a further increase to 1.2140. The goal is the first.

GBPUSD

U.S. dollar currency continues to form a consolidation range around the level of 1.3929. It is not excluded to link the increase with 1.4000. Next, consider the probability of developing a different reduction structure to 1.3820. This will be the purpose of the correction. Next, we expect the next wave of growth to start at 1.4000. The goal is the first.

USDRUB

US dollar currency pair to Russian ruble worked the structure of the decline to 73.63. At the moment, the market is creating a narrow scope for consolidation around it. With the exit from it, the potential to drop to 72.62 will open. The target is local. With production up it does not rule out an increase to 75.00.

USDJPY

currency pair of the US dollar to the Japanese yen continues to form a consolidation range around the level of 106.60. With its exit, it will open up the potential to drop to 105.80. The goal is the first. With the exit, it is not excluded to “throw out” the price to the level of 107.00. It then fell to 105.00.

USDCHF

The currency pair of the US franc is trading at 0.9130. Next, let’s look at the probability of an increase to 0.9160. Then we expect to get out of that range down. The first target is 0.9040.

AUDUSD

The Australian dollar against the US dollar is trading at 0.7848. After its development, we expect a drop to 0.7760. Next, let’s look at the probability of an increase to 0.7950.

BRENT

Oil continues to develop a downward tide to 62.22. After its development, we expect an increase of 64.00. Furthermore, the development of another structure is not excluded reduction to 61.00. At this point, we expect the correction to be completed.

GOLD

Gold is trading at 1742.00. Then we expect a drop to 1700.00. After reaching this level, the probability of the beginning of the growth wave by 1900.00 should be taken into account. The goal is the first.

Bitcoin

Bitcoin market continues to form a consolidation range around the level of 48400. It is not excluded to link the increase with 49400. Then we expect it to drop to 46600. And with its breakout down, the potential to drop to 42,700 will open. If 50,000 are split, the growth potential of up to 60,000 will be opened.

S’P 500

The stock market index continues to trade in a narrow consolidation range above 3875.0. With the exit from it, the growth potential will open up to 3950.0. Then – drop to 3875.0. Next, let’s look at the probability of an increase to 3973.0

Inadd to the Listincomp Notes!

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.