Technical analysis on 02.03.2021

02.03.2021 EURUSD euro currency pair against the US dollar continues to develop the correction. Today we will consider the probability of reaching the level of 1.2010. After that, we expect to develop at the current minimum of the scope of consolidation. With its exit, it will open up growth potential to 1.2070. And with its distribution, we expect to reach 1.2140. The goal is the first. GBPUSD Pound currency pair against the US dollar continues to form a range of consolidation at lows. Its expansion to 1.3820 is not excluded. Practically, the market extends the correction. After reaching this level, we expect the first wave of growth to develop to 1.4138. USDRUB THE CURRENCY PAIR OF THE US DOLLAR TO THE RUSSIAN RUBLE continues to form a consolidation range around the level of 74.58. Today we will consider the probability of an increase of 75.00. Then – drop to 74.58. With this range going up, it will open up growth potential to 75.85. The target is local. USDJPY US dollar currency pair to Japanese yen still forms a consolidation range around 106.60. Today we will consider the probability of a drop to 106.33. Then there is the increase to 106.60. With the exit from this range down will open the possibility of reduction to 105.80. The goal is the first. USDCHF US dollar-to-Swiss franc currency pair continues to expand its consolidation range to around 0.9140. With its exit, we expect a wave of declines to develop to 0.9044. The goal is the first. AUDUSD US dollar to 0.7848. Then – fall to 0.7760. Next, we will consider the likelihood of a growth structure developing to 0.7950. BRENT Oil today broke 64.00 down. The market suggests considering the probability of a correction to 62.22. The target is local. Then the combination of growth is not excluded up to 64.00 (test from below). Next – fall to 61.00. GOLD Gold with a break from the level 1759.00 continued to trade in the structure of the wave of decline to the level of 1702.72. It is possible to overlap 1700,00. The full potential of the downward wave will be almost exhausted. Then we expect a new wave of growth to begin. The first goal is at 1760.00. 101 000 Bitcoin Bitcoin market worked a wave of growth to 50.000. Today, we expect to create a scope for consolidation at these highs. With the exit, the potential for the development of a downward wave to 41700 will be opened. From production to a possible wave of growth to 60,000. S’P 500 The stock market index crashed to 3800.0 and suggests considering the likelihood of a fifth growth structure rising to 3973.0. After its development, we expect the beginning of a wave of declines to 3611.0. Inadd to the listInattence! Financial market forecasts are privately owned by their 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.

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