Feb 202014
 

EURUSD Snapshot


EURUSD Analysis

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (1.3839). Another move back below (1.3714) could lead us to neutral zone.


GBPUSD Analysis

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (1.6822). Another move back below (1.6626) could lead us to neutral zone.


USDJPY Analysis

USDJPY is at a crossroads, the instrument has a 50 – 50 chance of a recovery above (102.83) or a fall towards (101.74) in the coming session. We have to wait and watch the movement of the instrument from current levels.


USDCHF Analysis

We see better value in short positions.
If the price will go below the first support at (0.8862), this would confirm continuation of the bearish trend, towards next objective downwards (0.8838) then (0.8798) and (0.8778) will follow.


USDCAD Analysis

We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.1095) zones. A proper confirmation would occur if the USDCAD will manage to fall beyond the (1.1061) support level.


AUDUSD Analysis

We expect a bullish overall direction for today.
That requires the base to build on (0.8979); targeting (0.9032) then (0.9064).
A break under (0.8979) support area will extend losses to (0.8890).


NZDUSD Analysis

We expect a bullish overall direction for today.
That requires the base to build on (0.8249); targeting (0.8292) then (0.8323).
A break under (0.8258) support area will extend losses to (0.8132).


GBPJPY Analysis

Strength in GBPJPY is likely to continue.
We see a less chances of an immediate fall on the instrument for short-term technical outlook.
Next upside barriers follow (171.04) at (171.84) and (172.85).


EURJPY Analysis

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (141.84). Another move back below (139.89) could lead us to neutral zone.


SILVER Analysis

The outlook has grown increasingly bullish since SILVER had remained above its latest swing low at (21.488).
If this support level is broken to the downside, the outlook will deteriorate.


GOLD Analysis

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (1330.90). Another move back below (1310.89) could lead us to neutral zone.

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