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Analytics today

March 4, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

12:50 2021-03-04 UTC--5 Relevance up to 12:00 2021-03-05 UTC--5

Author: Mohamed Samy

Popular analitics

EUR/USD. Senate, Powell, Nonfarm: US dollar will be in demand again

03:30 2021-03-04 UTC--5

Forecast and trading signals for EUR/USD on March 4. COT report. Detailed analysis of yesterday's recommendations and the pair's movement during the day

21:06 2021-03-03 UTC--5

Forecast and trading signals for GBP/USD on March 4. COT report. Detailed analysis of yesterday's recommendations and the pair's movement during the day

21:06 2021-03-03 UTC--5

GBP/USD: plan for the European session on March 4. COT reports. Pound ignored the new UK budget and still trades in the channel

02:43 2021-03-04 UTC--5

EUR/USD: plan for the European session on March 4. COT reports. Euro bulls failed to catch hold of resistance at 1.2087. Now you need to think about protecting 1.2041

02:41 2021-03-04 UTC--5

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Hot topic: Coronavirus (COVID-19)

Technical analysis Relevance up to 13:00 2021-03-05 UTC--5

March 4, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

Further upside movement was expected towards the upper limit of the current movement channel around 1.4100-1.4150 where bearish rejection and a possible SELL Entry are expected to be present especially with the recent overbuying status of the pair.

Technical analysis Relevance up to 12:00 2021-03-05 UTC--5

March 4, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Recent bullish spike has pursued above 1.2150 - 1.2175 (backside of the broken channel limit) where bearish rejection was previously anticipated. But Further bullish movement was expressed to pursue towards 1.2250 which applied temporary bearish pressure on the pair.

Technical analysis Relevance up to 12:00 2021-03-05 UTC--5

March 4, 2021 : EUR/USD daily technical review and trade recommendations.

The price zone of (1.2040 down to 1.1990) corresponds to the previous Weekly Low which provided some temporary buying pressure. However, this recent short-term upside movement has shown lack of sufficient buying momentum. Hence, upcoming downside movement is highly expected.

Crypto-currencies Relevance up to 10:00 2021-03-05 UTC--5

XRP/USD could soon provide a strong bullish signal

XRP/USD is respecting so far short-term support and is now challenging important short-term resistance. Breaking above $0.46 will be a bullish sign that could push price much higher towards $0.52 area.

Fundamental analysis Relevance up to 11:00 2021-03-18 UTC--4

Digital transformation of art and the sphere of consumption: the role of cryptocurrencies

The impetus for the development of the cryptocurrency market in 2021 also served as a long process of universal digitization. More and more areas of activity are digitalizing their activities, and the development of digital assets is closely related to these processes.

Technical analysis Relevance up to 10:00 2021-03-05 UTC--5

Will the decline in Gold continue?

Gold price remains in a bearish trend making lower lows and lower highs. Price has reached our target area of $1,700-$1,690 and the major 38% Fibonacci retracement of the entire rise from the low in August 2018 to recent all time high at $2,074.

News Long-term review

EUR/USD: Jerome Powell will set the direction of dollar, February payrolls can bring relief to the euro

Greenback continues to reap the benefits of rising yields on US government bonds. The USD index is trading near 91.2 points, which is about 1.6% above the seven-week low reached last Thursday at 89.7 points.

Fundamental analysis Relevance up to 09:00 2021-03-05 UTC--5

US Congressmen are preparing for another attack on the Capitol

The US dollar is trading around the morning level of 1.2040 after the release of a number of fundamental statistics on the eurozone, which did not help buyers of risky assets

Crypto-currencies Relevance up to 09:00 2021-03-06 UTC--5

Trading Signal for BITCOIN for March 04 - 05, 2021: Kel Level $49,000- Fibonacci Analysis

n the 4-hour chart we can see the correction cycle, from the maximum at $ 58,257 and the minimum at $ 43,065, Bitcoin has corrected to the 61.8% fibonacci at $ 52,558, it could be a sign of a continuation...

Technical analysis Relevance up to 09:00 2021-03-05 UTC--5

GOLD Hot Forecast for 4th March, 2021

XAU/USD bears turn cautious near descending channel support

Technical analysis Relevance up to 09:00 2021-03-05 UTC--5

GBP/USD Price Analysis for 4th March, 2021

GBP/USD is trading with modest losses below 1.4000

Technical analysis Relevance up to 09:00 2021-03-06 UTC--5

Trading Signal for GBP/USD for March 04 - 05, 2021: Buy above 1.3941

At the technical level, the GBP / USD pair is trading within the downtrend channel, due to the formation of the pennant, a break above 1.3965 will be a good signal to buy with targets at the 1.4160 level of 6/8 murray.

Fundamental analysis Long-term review

Developing and gaining popularity faster: are cryptocurrencies capable of taking the place of gold?

The main option for traders remains the gold – a time-tested asset that helps to avoid inflationary losses. However, at the beginning of 2021, there was a significant "case" that changed the balance of power of gold and the first cryptocurrency – bitcoin.

Technical analysis Relevance up to 08:00 2021-03-07 UTC--5

Trading Signal for EUR/USD for March 04 - 05, 2021: Key level 1.2023

This upward movement that we have seen in the euro is considered only corrective, it has the potential to challenge the 1.1962 zone in the short term. In the event of a breakout, a further move may fall to +1/8 Murray at...

News Relevance up to 08:00 2021-03-05 UTC--5

Euro sank against the dollar amid weak eurozone statistics

The value of the euro against the dollar sank on Thursday due to weak economic statistics in the Eurozone. The released data was significantly worse than analysts' forecasts. The volume of retail sales in January decreased by a significant 5.9% compared to December.

News Long-term review

Pound remains intriguing: where will the pendulum swing - to 1.3900 or 1.5000?

An interesting time is coming for the pound sterling: the vector of its movement can go either towards the decline or return to growth. This is facilitated by the adoption of a new stimulus package worth £65 billion ($90.7 billion).

Technical analysis Relevance up to 08:00 2021-03-05 UTC--5

Forecast for ETH/USD on March 04, 2021

Ethereum remained stable above USD 1,486, it might recover towards the USD 1,687 resistance. Ethereum price gained bullish momentum above the USD 1,486 support. ETH even broke the USD 1,571 minor resistance, but it remained stable above the USD 1,486 level. It is currently recovering and it might.

Trend line Relevance up to 07:00 2021-03-05 UTC--5

EUR/JPY How Long The Current Growth Could Be?

EUR/JPY could resume its upside movement as long as it stays above the uptrend line. Jumping above the former high could bring a buying opportunity!

Trading plan Relevance up to 07:00 2021-03-05 UTC--5

GBP/USD: plan for the US session on March 4 (analysis of morning trades)

In the first half of the day, a good signal was formed to buy the pound. Let's look at the 5-minute chart and analyze the entry point. It is clear that from the first time, buyers seek to protect the lower border of the side channel 1.3919, from which I recommended opening long positions

Trading plan Relevance up to 07:00 2021-03-05 UTC--5

EUR/USD: plan for the US session on March 4 (analysis of morning trades)

In my morning forecast, I paid attention to the level of 1.2041 and recommended actions based on it. Let's look at the 5-minute chart and talk about what happened.

Fundamental analysis Long-term review

Inflation protection or widespread use: main ways to use cryptocurrencies in 2021

Even though the cryptocurrency market is still storming under the influence of a price correction, clear prerequisites for rapid growth are already visible. First of all, this applies to high-profile announcements and technological solutions related to digital assets.

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.