Instaforex Nigeria | Your Technical Forecast For The Week (Feb 21st-26th).

Posted on Feb 21, 2021 at 11:27 PM
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Your Technical Forecast For The Week (Feb 21st-26th).

This is the last week in February, don't miss the chance to smash your profit target with these 4 pairs! We have analysed the pairs and here are the key prices to trade for this week.

EUR/USD: Price is expected to reverse to 1.2100 before rising further to 1.2165. A break below 1.2085 indicates a bearish move down to 1.2065 & 1.2035.

Eur-USd-Feb=wk4

BIAS: CONSOLIDATION.

GBP/USD: We may see a strong pullback to 1.3960 before a further bullish move of over 100pips. Otherwise, a break below from 1.3940 indicates a bearish move down to 1.3850.

GBP-USD-Feb-Wk4

BIAS: BULLISH/ Minor Reversal

USD/CAD: We should expect a pullback to 1.2635 before further drop for over 50-100pips. A break above 1.2670 is bullish recovery.

Usd-Cad-Feb-Wk4

BIAS: CONSOLIDATION/Bearish

EUR/JPY: Scalping between 127.90 & 127.40 with resistance at 128.10 & support at 127.20
Breakouts can happen above/below these resistance/support levels.

Eur-Jpy-Feb-Wk4

BIAS: CONSOLIDATION/ Breakout.

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