Forex Daily Analysis 2 Mar 2023

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Forex Daily Analysis – Daily Market Forcast

At Mobirao.com, you can expect to receive comprehensive and reliable forex daily analysis and Forex Forcast to help you make informed trading decisions. Our goal is to provide you with the tools and information you need to succeed in the foreign exchange market.

GBP/USD

gbpusd forcast

Pivot: 1.2040

Our suggestion :

short positions below 1.2040 with targets at 1.1960 & 1.1920 in extension.

Alternate setup:

above 1.2040 look for further upside with 1.2075 & 1.2105 as targets.

Remarks :

the RSI shows downside momentum.

USD/JPY

usdjpy forcast

Pivot: 136.00

Our suggestion :

long positions above 136.00 with targets at 136.80 & 137.10 in extension.

Alternate setup:

below 136.00 look for further downside with 135.80 & 135.50 as targets.

Remarks :

the RSI advocates for further upside.

EUR/USD

eurusd forcast

Pivot: 1.0675

Our suggestion :

short positions below 1.0675 with targets at 1.0615 & 1.0595 in extension.

Alternate setup:

above 1.0675 look for further upside with 1.0690 & 1.0710 as targets.

Remarks :

the RSI shows downside momentum.

AUD/USD

audusd forcast

Pivot: 0.6780

Our suggestion :

short positions below 0.6780 with targets at 0.6720 & 0.6705 in extension.

Alternate setup:

above 0.6780 look for further upside with 0.6800 & 0.6825 as targets.

Remarks :

the RSI shows downside momentum.

XAU/USD

xauusd forcast

Pivot: 1830.00

Our suggestion :

long positions above 1830.00 with targets at 1840.00 & 1845.00 in extension.

Alternate setup:

below 1830.00 look for further downside with 1823.00 & 1818.00 as targets.

Remarks :

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/JPY

gbpjpy forcast

Our pivot point is at 164.34.

Our suggestion :

technical rebound towards 164.34 before a new drop.

Alternate setup:

above 164.34, look for 165.13 and 165.59.

Remarks :

the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (163.62) but under its 50 period moving average (163.72).

Our team of experienced analysts and traders uses a combination of technical and fundamental analysis to provide daily insights into market trends and potential trading opportunities. Our signals are generated using advanced algorithms and take into account a wide range of market data, including price action, economic indicators, and news events.

In addition to analysis and signals, you will also have access to a range of educational resources, including articles, webinars, and tutorials, to help you improve your trading skills and knowledge of the market.

Whether you are a seasoned trader or just starting out, our forex analysis and signals will give you the edge you need to succeed in the market. Join us now and take the first step towards profitable forex trading.

Our Forex Forcast Analysis includes eurusd forcast, xauusd forcast, usdjpy forcast, usd forcast, usdcad forcast, gbpjpy forcast, usdchf forcast

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