empty
 
 
03.03.2021 01:44 PM
Technical analysis recommendations for EUR/USD and GBP/USD on March 3

EUR/USD

This image is no longer relevant

The bulls did not manage to reach and test the weekly medium-term trend (1.1975) yesterday. So, the pair returned to the accumulation zone of various daily and weekly levels, which are now exerting their influence and attraction and increasing the chances of forming the uncertainty. As a result, the weekly medium-term trend (1.1975) and February's low extreme (1.1952) remain as support levels. Meanwhile, the most important resistances are set in the range of 1.2150-70 (weekly Tenkan + upper border of the daily cloud + historical level).

This image is no longer relevant

The deep upward correction allowed some technical instruments to question the ability and advantage of the bears. However, the most important resistance level of 1.2110 (weekly long-term trend) has not yet been broken. A consolidation above which and reversal of moving averages will clearly affect the current balance of power, which will lead to a new assessment of the situation. In any case, we note the other upward targets seen at 1.2125 - 1.2160 - 1.2227 (classic pivot levels).

The current nearest support is the central pivot level of 1.2058. The continuation of the downward trend will only be considered until the low of 1.1992 is broken.

GBP/USD

This image is no longer relevant

Yesterday, the strengthened and fairly wide support zone 1.3904-1.3845-23 (daily + weekly levels) managed to defend bulls' prospects and maintain its value. Today, the pair is holding above this zone. The nearest resistance levels are at the daily levels of 1.3982 and 1.4049. Meanwhile, the levels of 1.4118 (upper limit of the monthly cloud) - 1.4181 (breakdown of the weekly target) - 1.4240 (February's maximum extreme) are considered to be the focus of interest of the bulls.

This image is no longer relevant

In the H1 chart, the current upward correction changed the preferences of the analyzed technical indicators, allowing us to break through the central pivot level of the day (1.1930). The most vital role in the near future will be played by testing the weekly long-term trend (1.3999) and forming the result of further interaction. Upon its breakdown, the path will open towards the resistance levels of 1.4048 (R2) and 1.4120 (R3). However, if the bears return to the central pivot level (1.1930) and the low (1.3858), there is a possibility that the downward trend will be recovered.

***

Ichimoku Kinko Hyo (9.26.52) and Kijun-sen levels in the higher time frames, as well as classic Pivot Points and Moving Average (120) on the H1 chart are used in the technical analysis of the trading instruments.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback