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Daily Market Update 22 Feb 2021

EURUSD

HIGH

1.21352

LOW

1.21122

BID

1.21163

ASK

1.21169

CHANGE

0%

TIME

09:05:29

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: Upside risk aversion is seen above the next resistance level at 1.2144 (R1). Appreciation above it might lead to the positive intraday bias formation towards to our next targets at 1.2190 (R2) and 1.2235 (R3) in potential. Downwards scenario: Supportive barrier at 1.2108 (S1) prevents further downtrend expansion in near-term perspective. Clearance here would enable lower target at 1.2065 (S2) and any further price downgrade would then face final support at 1.2022 (S3).

Resistance Levels: 1.2144, 1.2190, 1.2235

Support Levels: 1.2108, 1.2065, 1.2022

 

GBPUSD

HIGH

1.40517

LOW

1.40060

BID

1.40074

ASK

1.40081

CHANGE

0%

TIME

09:05:29

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Further upwards progress is limited to the next resistive barrier at 1.4052 (R1). Break here is required to push the price towards to our next visible targets at 1.4110 (R2) and 1.4170 (R3). Downwards scenario: On the downside our attention at the next support level 1.3981 (S1). Loss here is required to push the instrument towards to our next interim targets at 1.3912 (S2) en route towards to final support at 1.3845 (S3).

Resistance Levels: 1.4052, 1.4110, 1.4170

Support Levels: 1.3981, 1.3912, 1.3845

 

USDJPY

HIGH

105.734

LOW

105.377

BID

105.683

ASK

105.689

CHANGE

0%

TIME

09:05:29

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Bullish oriented market participant might pressures to test our next resistance level at 105.73 (R1). Loss here could open a route towards to our interim target at 105.97 (R2) and the main aim for today locates at 106.21 (R3). Downwards scenario: USDJPY remains under the bullish pressure, however we see some chances to establish correction today. Next hurdle on the upside is seen at 105.48 (R1), loss here is required to achieve our target zone 105.23 (R2) onto 104.98 (R3) price levels.

Resistance Levels: 105.73, 105.97, 106.21

Support Levels: 105.48, 105.23, 104.98

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