Forex Technical Analysis & Forecast 26.02.2021

EURUSD, “Euro vs US Dollar”

After finishing another ascending wave at 1.2240, EURUSD is correcting towards 1.2136 (at least). After that, the instrument may resume trading upwards with the target at 1.2332.



Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

After completing the descending wave at 1.4046, GBPUSD has formed a new consolidation range around this level; right now, it is moving downwards. Possibly, the pair may continue falling towards 1.3870 and then start another growth with the target at 1.4046.

GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

After finishing the descending structure at 73.35, USDRUB is correcting to reach 74.00. After that, the instrument may resume falling with the target at 73.00.

USDRUB

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 106.40 along with the descending impulse towards 105.80, USDJPY is correcting to reach 106.20. Later, the market may resume trading downwards with the short-term target at 105.51.

USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9040. Today, the par may fall towards 0.9016 and then start a new growth with the target at 0.9040.

USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.8000; right now, it is falling to reach 0.7763. After that, the instrument may form one more ascending structure with the target at 0.7877.

AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has finished another ascending structure towards 66.75; right now, it is correcting to reach 65.20 and then form a new consolidation range between these two levels. Later, the market may break the range to the upsides and resume moving upwards with the target at 69.00.

BRENT

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After reaching the downside target at 1779.30 and then forming a new consolidation range around this level, Gold has broken it to the downside. Possibly, the metal may continue falling within the downtrend with the target at 1752.52.

GOLD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has finished the correction at 52000.00; right now, it is falling towards 47200.00 and may later consolidate there. After breaking the range to the downside, the instrument may form a new descending structure with the target at 42700.00.

BITCOIN

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After finishing the correction at 3936.1, the S&P index is falling to break 3810.0. After that, the instrument may continue trading downwards with the short-term target at 3680.0.

S&P 500

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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Source: RoboForex


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