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Forex Technical Analysis & Forecast 03.03.2022

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1142, EURUSD continues forming the descending wave towards 1.1044. Later, the market may correct to reach 1.1144 and then resume trading downwards with the target at 1.1010.

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

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.3354. Possibly, today the pair may grow towards 1.3410 and then start a new decline to break 1.3271. After that, the instrument may continue trading downwards with the target at 1.3150.

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

USDRUB, “US Dollar vs Russian Ruble”

The situation hasn’t changed much; markets are closed. After opening, USDRUB is expected to return to 92.00 – it’s the downside border of the range around 102.00. If later the price breaks this level to the downside, the asset may resume falling with the target at 75.00.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correctional wave at 115.70; right now, it is consolidating around 115.60. If later the price breaks this range to the downside, the market may resume trading downwards to reach 115.24; if to the upside – form one more ascending structure with the target at 115.95.

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

USDCHF, “US Dollar vs Swiss Franc”

Having completed the ascending wave at 0.9238, USDCHF is correcting to reach 0.9200 or even extend the correction down to 0.9190. Later, the market may resume trading upwards to reach 0.9252.

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 is growing towards 0.7312 and may later resume falling to reach 0.7238. After that, the instrument may form one more ascending structure with the target at 0.7379.

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

BRENT

After breaking 116.70, Brent is expected to continue growing towards 122.72. Later, the market may correct down to 120.50 and then form one more ascending structure with the target at 126.20.

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

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1920.00; it has already expanded the range up to 1949.80. Today, the metal may correct towards 1911.50 and then form one more ascending structure with the short-term target at 1964.15.

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

S&P 500

The S&P index is still consolidating around 4311.0. Today, the asset may start a new growth towards 4420.0 and then resume trading downwards with the first target at 4070.0.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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