Technical analysis on 04.03.2021

04.03.2021 EURUSD euro currency pair against the US dollar worked link increase to 1.2112 and fall to 1.2044. Practically, the market creates a scope for consolidation around the level of 1.2077. We expect a combination of growth to 1.2125. Next – drop to 1.2077 (test in advance). With the exit from this range down, another drop to 1.2000 is not excluded. With the development of production will open up growth potential to 1.2250. GBPUSD Currency pound to US dollar worked the growth structure to 1.4000 and correction by 1.3920. Almost at low, the wave of decline indicates the limits of the scope of consolidation. With the way out of it, the potential to drop to 1.3821 will open. From production upwards it is possible to rise to the level of 1.4166. USDRUB currency pair of the US dollar to the Russian ruble continues to develop consolidation at 73.93. We expect a drop to 73.13. Next – increase to 73.93 (test from below). Then – down to 72.72. USDJPY Japanese dollar currency pair to Japanese yen extended the range to 107.00. Today, we do not rule out another link between growth and 107.25. Then – drop to 106.60. And with this level down, it will open up the potential to reach 105.42. USDCHF THE CURRENCY PAIR OF THE US DOLLAR TO THE SWISS FRANC has been linked to growth of 0.9175. On his breakout they form the form of a continuation. We expect growth to grow to 0.9220. Then let’s look at the drop to 0.9128. And with its breakout down it will open up the potential to fall to 0.9050. AUDUSD The Australian dollar against the US dollar has worked a wave of growth to 0.7838. Today, the market has revised up to 0.7725. At the moment, there is another association of growth with the level of 0.7838. And with its burst up it will open up growth potential to 0.7950. BRENT Oil has worked a wave of growth to 64.00. At the moment, the market is trading around it in terms of consolidation. With the exit from it, the potential growth will open to 65.80. Next – reduced to 64.00 (test in advance). Then we expect a rise to 69.00. GOLD Gold is trading under downward pressure. The level of 1702.70 was worked out and a test was conducted from the bottom 1771.00. Today, another link to the fall to 1699.99 is not excluded. At this point, the potential for the wave of decline will be exhausted. We expect the growth wave to start at 1760.60. The goal is the first. Bitcoin Bitcoin market has worked a wave of growth to 52000 and is currently trading under pressure to fall to 47470. Next, let’s look at the probability of rising to 52,000. And with its eruption upwards, the growth potential of up to 60,000 will open up. With the division of 47470 down, a drop to 42700 is not excluded. S’P 500 Stock Index broke 3850.5 down. Overworked reduction potential to the lower end of the range – 3782.0. Today we expect growth to 3850.5. With the exit from this range down will open up the potential for a wave of decline to 3660.0. From production up it is possible to increase to the level of 3977.0. Inadd to 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.

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