| Technical analysis recommendations for EUR/USD and GBP/USD on February 25 2021-02-25 EUR/USD  The month of February is almost over. Bulls are attempting to stop the downward correction to go back to their positions. For this to happen, the bullish sentiment of the monthly candle, which currently has a long lower shadow, must be maintained. Bullish traders are advised to keep the position above 1.2150-70 (weekly short-term trend + historical level) for the last two days of the month. They are also encouraged to enter the bullish zone in connection to the daily Ichimoku cloud (1.2186). Here, the 1.2150-70 area continues to provide its influence, remaining to be the center. The next support levels are still set at 1.2103 (daily Tenkan) and 1.2071-64 (daily Kijun + weekly Fibo Kijun).  Yesterday, the bulls took advantage of the strong support of the weekly long-term trend, while making a downward correction. So most likely, they will resume the upward trend. The resistances of the classic pivot levels of 1.2192 - 1.2217 - 1.2258 are considered to be the upward targets. In the smaller time frames, the key supports are forming an important support zone within the range 1.2151-34 (central pivot level + weekly long-term trend). Now, if a consolidation occurs below and the moving averages reverse, the current forces in the H1 chart will change. If so, the bearish mood will strengthen. Today, the supports of the classic pivot levels are set at 1.2126 - 1.2085 - 1.2060. GBP/USD  The weekly target (1.4181) for the Ichimoku cloud breakout is entirely fulfilled. The pair indicated a slowdown, as it was unable to reach above the resistance of the upper limit of the monthly cloud (1.4314). In this situation, tomorrow's closing result of the current week and month is interesting and important. The closest support in the bigger time frame is the daily short-term trend located at 1.4034.  The pound has been in the downward correction zone for quite some time now. Yesterday, the support for the central pivot level managed to stop the downward correction from developing. However, the bears are trying to continue the correction, leaving the central pivot at 1.4153. The next important pivot point for the correction is the weekly long-term trend (1.4054). The current situation will change if the bear successfully breaks through this level, reverses, and catches the daily short-term (1.4034). Once the downward correction ends, we can now consider the upward targets – the resistances of the classic pivot levels of 1.4225 - 1.4312 - 1.4384. The following methods are used in the technical analysis of the situation: Higher time frames – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels H1 – Pivot Points (classic) + Moving Average 120 (weekly long-term trend) Analysis and forecast for EUR/USD on February 25, 2021 2021-02-25 After falling to the key psychological level of 1.2000, the main currency pair of the Forex market began to recover, however, it is not yet possible for the bulls to overcome the landmark mark of 1.2200 in the euro currency. The situation and market sentiment can be viewed from both perspectives. On the one hand, risk appetite is fueled by the fiscal stimulus in the US and the recovery of several countries from the COVID-19 pandemic. On the other hand, investors are in no hurry to rush into risky operations, as the timing of the global economic recovery is still in great doubt. So, many leading economists believe that economic activity, which was observed before the outbreak of the coronavirus epidemic, will recover only by the middle or end of 2022, or even later. However, the COVID-19 strains are constantly mutating and finding new outlines, which threatens the normalization of the situation. The softer financial conditions that Federal Reserve Chairman Jerome Powell spoke about on the Senate floor mean that interest rates in the United States will remain at current low levels for a long time to come. It should also be noted that financial incentives in the United States provide a flow of capital into commodity assets, and this implies a natural strengthening of commodity currencies against the US dollar, which we observe. Well, now it's time to analyze what is observed on the EUR/USD charts and try to find the most acceptable options for opening positions. Daily 
As already noted at the beginning of the article, the inability of the euro/dollar to go up to 1.2200, as well as to fall below 1.2000, leaves the main currency pair in this range. It should be noted that a very important role is played by the level of 1.2100, which is a kind of watershed in the range of 1.2000-1.2200. So at yesterday's trading, after falling to 1.2108, the pair turned up and, leaving a long tail at the bottom, ended trading on February 24 with a rise at 1.2163. In principle, yesterday's candle with a long lower shadow indicated that the market does not want to fall below 1.2100 and trade under this mark. After such candles as yesterday, the quote in the vast majority of cases continues to grow. This is exactly the picture that is observed now, at the moment of completion of this article. Currently, testing is underway for a breakdown of the strong resistance of sellers in the area of 1.2190. Today, we will see attempts to break through the key level of 1.2200, and the subsequent direction of the single European currency against the US dollar will largely depend on how successful they are. H1 
On the hourly chart, we see that the main currency pair is trading in an ascending channel, which indicates a local bullish trend for EUR/USD. I would like to draw your attention again to the significance of the average dotted line of the channels. In the current situation, when the pair is trading above the midline, it represents stylish support, as you can already see today. Given that, at the moment, there are attempts to break through strong resistance in the area of 1.2200, and also that tomorrow the market will close the February trades, it is quite difficult to find the safest options for opening positions. Nevertheless, I look at EUR/USD with a bullish view, and for those who agree with this point of view, I recommend looking for options for opening long positions after short-term declines to the price zone of 1.2185-1.2170. If today's trading ends with the formation of a bearish candlestick pattern on the daily chart, tomorrow we will consider options for opening short positions. Analysis and forecast for GBP/USD on February 25, 2021 2021-02-25 Starting from February 18, the British pound has been demonstrating growth against the US dollar. Today's article on the pound/dollar pair will focus on the technical picture of this instrument. If we take into account the external background and fundamental factors, the strengthening of the pound is facilitated by the faster pace of vaccination in the UK, the soft tone of the chairman of the US Federal Reserve System (Fed), based on the large-scale financial stimulus of the world's largest economy. Among the fundamental events of today, it is necessary to highlight the revised US GDP data, which will be published at 14:30 London time, as well as speeches by the President of the Federal Reserve Bank of Atlanta, Raphael Bostic, and a member of the Open Market Committee, Williams, which are scheduled for a later time. More detailed information on these and other events can be found in the economic calendar. And we turn to the price charts for the pound/dollar pair. Daily 
As already noted, the British currency shows a strengthening against the US dollar for five consecutive trading days. However, yesterday's daily candle with a fairly long upper shadow suggests that the GBP/USD will continue to grow. As far as memory goes, the price zone of 1.4200-1.4250 has always been difficult to pass, and depending on the situation, it provided strong support or resistance to the quote. So in yesterday's trading, having risen to 1.4232, the pair met strong resistance and ended the Wednesday session at 1.4136. Now, much will depend on whether the bulls on the pound will be able to pass the resistance of sellers at 1.4232 and consolidate trading above this mark. To do this, yesterday's candle must be absorbed by growth and close trading above the maximum values on February 24. If this condition is met, the pair will continue to grow with a high degree of probability. If such a scenario does not work out and one or more bearish reversal candle patterns appear under the resistance of 1.4232, the pound/dollar will turn to decline, the immediate goal of which will again be the important psychological level of 1.4000. However, if we consider the downward scenario, it is worth noting that the red line of the Ichimoku Tenkan indicator passes at 1.4030, which can provide strong support to the quote. However, taking into account tomorrow's closing of February trading, during which the pound sterling actively strengthened, some adjustments may push the further scenario of the price movement for GBP/USD to a later time. H1 
On the hourly chart, I stretched the grid of the Fibonacci instrument to the growth of 1.3838-1.4231. As you can see, the pair fell exactly to the second corrective level of 38.2, after which it turned up again and shows its readiness to resume the rise. Nevertheless, as already noted, it will be possible to count on further strengthening of the British currency only in the case of a true breakdown of the resistance level of 1.4231, with a mandatory consolidation above this mark. Until this happens, I recommend considering both options for positioning for GBP/USD. Sales will become more relevant if bearish candlestick analysis patterns appear below 1.4231 on the hourly, four-hour, and/or daily charts. Purchases look good after a short-term decline in the price zone of 1.4140-1.4125, where the Fibo level of 23.6 from the already indicated growth, the current lows of today's trading, as well as the 50 simple moving average, which provides the quote with quite good support. That's all for now. Trading recommendations on the foreign exchange market for novice traders - EUR/USD and GBP/USD 2/25/21 2021-02-25 Let's start with an analysis of the economic calendar for the past day where data on new home sales in the United States were published. The indicators came out better than expected, the growth in January to 4.3% against the forecast of 2.1%. The change is quite significant, but the market reacted poorly to the positive data on the US. At this point, the flow of statistical data ended and the quote continued to obey the speculative behavior of market participants. What happens on the trading chart? The EUR / USD currency pair failed to overcome persistent buyers where despite the important price area of 1.2160 / 1.2190, speculators continued to work on the recovery course relative to the correction from the peak of the medium-term trend of 1.2349 - - -> 1.1950 ... The GBP / USD currency pair showed interest at the moment rolling back about 140 points from the peak of the trend to short positions, but there was only a small margin of error that arose in the market after Asian speculation. In fact, the market participants did not move anywhere and the quote remained at the peak of the mid-term trend. 
Trading Recommendation - EUR / USD and GBP / USD on February 25 Today, the economic calendar plan will publish data on the second estimate of United States GDP in the fourth quarter which predicts that the rate of economic decline will slow from -2.8% to -2.5% (y / y). GDP QoQ growth from 4.0% to 4.2%. At the same time, we have the publication of data on orders for durable goods which may grow by 1.2%, which will positively affect the growth of retail sales. From the weekly publications, we expect data on the US labor market where simultaneously with GDP and orders for durable goods, indicators on applications for unemployment benefits will be released where they predict that their volume may slightly decrease. The volume of initial applications for benefits may be reduced from 861 thousand to 838 thousand. The volume of repeated applications for benefits may be reduced from 4.494 thousand to 4.467 thousand. The package of statistics for the United States will be published at 13:30 UTC. Analyzing the current EUR / USD trading chart, we can see that speculators have already broken through the resistance level area of 1.2160 / 1.2190 locally, but there is no price fixing above 1.2200 in the four-hour period. In the case of confirmation on the four-hour period above the 1.2200 mark, traders will be most confident in the upward course in terms of recovery relative to the January correction of 1.2349 - - -> 1.1950. An alternative scenario of the market developments is still being considered in the absence of a price hold above 1.2200, in which case traders can resort to a natural rebound basis. 
Analyzing the current trading chart of the GBP / USD, you can see that speculators have restored the volume of long positions relative to the recent pullback, where the quote hovered at the peak of the trend. In order for the speculation to be the strongest, the quotation must overcome the local maximum of 1.4224. In this case, we will open the way in the direction of the area of the maximum of 2018-1.4350 / 1.4380. It is worth considering that the British currency is very much overheated due to a long upward movement. Thus, you should be particularly attentive to possible price reversals that will lead to a full-size correction move in the market. 
EUR/USD: US outperforms EU in terms of economic growth. Nevertheless, the euro still has a chance of reaching a new all-time high. 2021-02-25 Dollar began to lose ground after the congressional speech of Fed Chairman Jerome Powell. According to him, interest rates will remain zero, which is not much different from his earlier statements. To add to that, Powell continued to downplay the risks of inflation, even though it frightened investors just recently and led to a sharp rise in Treasury yields. He also spoke a lot about the need to support the economy since recovery to pre-crisis levels is still far from reach. He pointed out that rising prices does not always lead to persistently high inflation. With regards to Treasury yield, the global printing press, which minted about $ 9 trillion over the past year, made many investors think about inflation. Many expect a surge in the near future, so even if the world's central banks do not condone the idea of curtailing support programs, they may be forced to do so if inflationary pressure accelerates. It is also clear that investors are thinking ahead and do not fully trust the statements of the regulators, especially after what happened in 2014, when the Fed delayed policy changes so much that it led to another financial collapse in the debt market.  Nevertheless, the Fed will continue working on achieving its target inflation, which is 2.0% or above. "Our policy will remain the same since inflation is still low and the labor market remains far from maximum employment," Powell said. However, indicators show that some prices are overvalued and does not indicate a stable formation of inflationary pressures. For example, car prices rose because of chip shortages and supply chain disruptions in the tech industry. "This phenomenon will not necessarily lead to sustained inflation, as inflation is a process that repeats itself from year to year," he noted. Meanwhile, answering numerous questions about the risk of overheating the economy, Powell said additional assistances are needed because there is still a long way to go before the economy returns to its pre-crisis state. In fact, according to UniCredit SpA, the US has much more stimulus measures than other countries, such as the EU. As a result, Europe is lagging behind the US in terms of growth or economic recovery.  To add to that, Joe Biden's proposed $ 1.9 bailout bill, although will more than triple government spending this 2021, will push the US economy up by approximately 1.8%. On the other hand, EU GDP may contract by 0.1%. Economic growth is slow in the EU since all member states impose their own fiscal policies, and it is very difficult to achieve any common approach and coherence. Last year, negotiations took months before the bloc agreed on a recovery fund. The European Commission had to ensure that the distribution of funds is correct, otherwise, the stability and integrity of the eurozone will be undermined. Going back to the US economy, the Department of Commerce released a report on new home sales yesterday, and it indicated an increase in the index for January. Sales have risen by 4.3% to 923,000 per year, much better than the expected 1.5% to 855,000.  Today, a report on Germany's consumer confidence will be published. If the data comes out better than the forecasts, demand for the euro will grow. Experts forecast the index to rise to -14.3. Then, by mid-afternoon, the European Central Bank will release lending data for January. The European Commission, meanwhile, will publish the final results of its economic and business sentiment survey. The economic sentiment index is expected to rise to 92.0. As for EUR/USD, a break above 1.2180 will push the euro towards 1.2220 and 1.2260. There is no need to panic if the price moves down a bit, since 1.2135 will be a strong support level. And even if this area is broken, long positions will still increase around 1.2090. Forex forecast 02/25/2021 on USD/JPY, USD/CHF, USD/CAD and USDX from Sebastian Seliga 2021-02-25 Let's take a look at the technical picture of USD/JPY, USD/CHF, USD/CAD and USDX at the daily time frame chart. Trading idea for gold 2021-02-25  Gold has been trading slightly above the November low for several days already, which suggests that it is time for the market to turn around and start moving upwards.  In fact, the previous bearish movements have created good buy levels in the hourly chart (H1).  Hence, since the quotes have formed a wave pattern (ABC), where wave A is the bullish initiative observed yesterday, traders can open buy positions from 1794, the target of which is a 50% retracement. Place limit at 1785, and then take profit as soon as the price breaks through 1815. Of course, traders still need to be careful to avoid losing money. Trading in this financial market is precarious, but profitable if the approach used is correct. The idea above is under Price Action and Stop Hunting methods. Good luck! Technical Analysis of GBP/USD for February 25, 2021 2021-02-25  Overview : The GBP/USD pair set above strong support at the level of 1.4083, which coincides with the 661.8% Fibonacci retracement level. This support has been rejected for four times confirming uptrend veracity. Hence, major support is seen at the level of 1.4083 because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend from the area of 0.6582 and 1.4083. The GBP/USD pair is trading in a bullish trend from the last support line of 0.6582 towards the first resistance level at 0.6676 in order to test it. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. Now, the pair is likely to begin an ascending movement to the point of 1.4240 and further to the level of 1.4300. The level of 1.4300 will act as second resistance and the double top is already set at the point of 1.4240 . At the same time, if a breakout happens at the support levels of 1.4000 and 1.3950, then this scenario may be invalidated. But in overall, we still prefer the bullish scenario. Forecast : Buy orders are recommended above the area of 1.4083 with the first target at the level of 1.4240; and continue towards 1.4300. On the other hand, if the GBP/USD pair fails to break out through the resistance level of 1.4240; the market will decline further to the level of 1.3950 (daily support 2). USD/JPY analysis for February 25 2021 - Strong upside impuslive movement with potential for test of 106..70 2021-02-25 German 10-year bond yields climb to highest since March last year as the global steepening continues The big story in the market today continues to be that of bonds as the steepening continues with the long-end of the curve rising sharply. 10-year Treasury yields are up nearly 7 bps to 1.442% while 30-year Treasury yields are up 6.4 bps to 2.297% currently in European morning trade. European stocks are starting to see gains chipped away while US futures reflect a decline in tech with Nasdaq futures down 0.7% after a brief and minor rebound. S&P 500 futures are down 0.2% near the lows but Dow futures are up 0.1%. Further Development 
Analyzing the current trading chart of USD/JPY, I found that the buyers are in control and that USD/JPY is near our first upside target at 106,23. Support level is set at 105,85 Analysis of Gold for February 25,.2021 - Sellers in control and potential for test of $1.765 2021-02-25 ECB's Lane: ECB is closely monitoring the evolution of long-term nominal bond yields emarks by ECB chief economist, Philip Lane - We will need to provide ample monetary accommodation for an extended period
It didn't work with Lagarde earlier in the week, it isn't going to work here. As long as Treasuries continue to steepen, European bond yields will also face a similar phenomenon. At the highs today, 10-year bund yields reached its highest level since June last year: Further Development 
Analyzing the current trading chart of Gold, I found that the sellers are in control and the price is heading towards our main downside target at $1,765.
Author's today's articles: Zhizhko Nadezhda  Graduated from Irkutsk State University. Having acquainted with Forex market in 2008, followed the courses in the International Academy of Stock Exchange Trading. The agenda was so exiting that she moved to St. Petersburg in order to get professional education. Obtained a diploma of the retraining course on the discipline Exchange market and stock market issues, defended the graduation paper with distinction on the subject "Modern technical indicators as the basis of the trading system". At the moment obtains a master degree in International Banking Institute on specialty Financial markets and investments. Apart from trading is occupied with development of trading systems and formalization of the working strategies using Ichimoku indicator. At the moment is working on the book dedicated to the peculiarities of Ichimoku indicator and its operating methods. Interests: yoga, literature, travelling and photograph. "You can only get smarter by playing a smarter opponent" Basics of Chess play, 1883 "Successful people change by themselves, the others are changed by life" Jim Rohn Ivan Aleksandrov  Ivan Aleksandrov Vladislav Tukhmenev  Vladislav graduated from Moscow State University of Technologiy and Management. He entered the forex market in early 2008. Vladislav is a professional trader, analyst, and manager. He applies a whole gamut of analysis – technical, graphical, mathematical, fundamental, and candlestick analysis. Moreover, he forecasts the market movements using his own methods based on the chaos theory. Vladimir took part in development of trading systems devoted to fractal analysis. In his free time, Vladimir blogs about exchange markets. Hobbies: active leisure, sporting shooting, cars, design, and marketing. "I do not dream only of becoming the best in my field. I also dream about those who I will take with me along the way up." Pavel Vlasov  No data Sebastian Seliga  Sebastian Seliga was born on 13th Oсtober 1978 in Poland. He graduated in 2005 with MA in Social Psychology. He has worked for leading financial companies in Poland where he actively traded on NYSE, AMEX and NASDAQ exchanges. Sebastian started Forex trading in 2009 and mastered Elliott Wave Principle approach to the markets by developing and implementing his own trading strategies of Forex analysis. Since 2012, he has been writing analitical reviews based on EWP for blogs and for Forex websites and forums. He has developed several on-line projects devoted to Forex trading and investments. He is interested in slow cooking, stand-up comedy, guitar playing, reading and swimming. "Every battle is won before it is ever fought", Sun Tzu Andrey Shevchenko  Andrey Shevchenko Mourad El Keddani  Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development).
Languages: Arabic, English, French and Dutch.
Interests: Algorithm, Graphics, Social work, Psychology and Philosophy. Petar Jacimovic  Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
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