Forex Technical Analysis & Forecast 22.02.2021

EURUSD, “Euro vs US Dollar”

EURUSD completed a wave of growth to 1.2100. The market created a consolidation range around this level and, with an escape upwards, acquired perspectives for growth to 1.2190. Today the market extended the range to 1.2144 and technically returned to 1.2107 (testing the level from above). A link of decline to 1.2100 is not excluded, followed by growth to 1.2144 again. With a breakaway of this level upwards, perspectives for 1.2190 will appear. Anyway, this is just a half of the expected wave of growth.

GBPUSD, “Great Britain Pound vs US Dollar”

The currency pair completed a wave of growth to 1.3990, forming a compact consolidation range around this level. With an escape upwards, the range was extended to 1.4050. Today, the level of 1.3990 might be tested from above, followed by growth to 1.4050. With a breakaway of this level, we expect the trend to continue to 1.4141. The goal is local.

USDRUB, “US Dollar vs Russian Ruble”

The currency pair completed a wave of growth to 74.20. Today, the market is declining to 73.40, followed a test of 73.80 from below and a decline to 72.72.

USDJPY, “US Dollar vs Japanese Yen”

The currency pair is aiming upwards to 106.29. When this level is reached, a link of correction to 105.85 might follow, then – growth to 106.44.

USDCHF, “US Dollar vs Swiss Franc”

The currency pair is trading in a structure of growth to 0.8981. After this level is reached, a decline to 0.8957 is expected, followed by growth to 0.9000.

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair completed a wave of growth to 0.7900. The goal is local. Today, a correction to 0.7808 might follow, then – a ling of growth to 0.7915.

BRENT

Oil completed a wave of correction to 61.50. Today, the market is growing, aiming at 63.60. After this level is reached, a correction to 62.57, then – growth to 65.30 might follow.

XAUUSD, “Gold vs US Dollar”

Gold corrected to 1791.15. Today, the market is forming a consolidation range around this level. The wave of decline is expected to continue to 1748.50.

S&P 500

The index keeps trading in a consolidation range above 3900.5 in no clear trend. Today a decline to 3852.0 is expected, followed by growth to 3900.0 (a test from below) and a decline to 3830.0. The goal is first.