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BTCUSD, EURUSD and GBPUSD Forecasts, February 25, 2020
BTCUSD, EURUSD and GBPUSD Forecasts, February 25, 2020
Posted

By - Jamel Lahiani

Posted - 25-02-2020
  • The BTCUSD is bullish volatile at short term. Sell
  • The EURUSD is bullish volatile at short term. Sell
  • The GBPUSD is bullish quit at short term. Sell

Today our analysis will be concerned with:
BTCUSD (Bitcoin /US Dollar) the most popular cryptocurrency in the world exchanged to the US dollar. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors.

EURUSD (Euro /US Dollar) is the most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999. GBPUSD (British Pound /US Dollar) is the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world.

USD

FOREX Market Insights
Wall Streets three major averages plunged on as a surge of worries by investors. In fact, new coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic.

Today in Focus
Today, we have a high impacts published indicators and events:

AT 05H00GMT: The UK Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority.

AT 15H00GMT: The US Consumer Confidence released by the Conference Board captures the level of confidence that individuals have in economic activity.

USD

GRAPHIC 1: BTCUSD HOURLY CHART (FEBRAURY 25, 2020)
The BTCUSD chart has a bearish volatile movement between the red resistance line and the green support line. The chart moves under MA14 line in blue color. so, it is expected profitable to sell this pair if a candle closes under the green support line. Otherwise, if a candle closed above the red resistance line, it is gainful to buy this pair.

USD

GRAPHIC 2: EURUSD HOURLY CHART (FEBRAURY 25, 2020)
The EURUSD pair has a bullish volatile movement between the red resistance line and the green support line. There is a resistance at the level of 1.08641 with a fake breakout at the top. It is expected gainful to sell this pair when a chart pullback from the red resistance line. Also, a sell order is expected profitable if a candle closed under the green support line.

USD

GRAPHIC 3: GBPUSD HOURLY CHART (FEBRAURY 25, 2020)
The GBPUSD pair has a bullish quit movement inside the red colored channel. The chart is going for a
higher high and higher low movement with a hammer candle at the top, showing a possible maximum. So, it is expected profitable to sell this pair if a candle closes under the MA14 blue line. Otherwise, if a candle closes above the top limit of the channel, the suitable strategy is to buy this pair.

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