Forex Technical Analysis & Forecast 25.02.2021

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After rebounding from 1.2100, EURUSD is growing to break 1.2160. Possibly, today the pair may reach 1.2200 and then correct to return to 1.2160. After that, the instrument may form one more ascending structure with the target at 1.2250.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.4137. Possibly, the pair may resume falling towards 1.4069 and then correct to return to 1.4137. Later, the market may start another decline with the target at 1.4050.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards to reach 73.00. After that, the instrument may start a new correction to the upside with the target at 74.00.

USDJPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 106.10, USDJPY is consolidating below this level. Possibly, the pair may correct towards 105.6 and then resume trading upwards with the target at 106.26.

USDCHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9085, USDCHF is falling towards 0.9045 and may later correct to reach 0.9060. After that, the instrument may start a new decline with the target at 0.8980.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending wave at 0.7955. Today, the pair may correct towards 0.7910б thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 0.7770.

BRENT

After rebounding from 64.00 and then breaking 65.20, Brent has finished another ascending structure towards 66.45. Today, the asset may correct to test 65.20 from above and then resume moving upwards with the target at 66.85.

XAUUSD, “Gold vs US Dollar”

Gold is still falling towards 1779.27 and may later start a new growth to reach 1796.85. After that, the instrument may form a new descending structure with the target at 1750.00.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating below 50500.00. Possibly, the asset may grow and expand the range up to 52500.00. Later, the market may form a new descending structure with the first target at 42700.00.

S&P 500

After finishing the correctional structure at 3856.0, the S&P index has broken 3897.4 to the upside; right now, it is growing to reach 3937.0. After that, the instrument may correct to test 3897.4 from above and then resume trading upwards with the target at 3973.0.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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