Analysis of Major Currency Pairs for 3.02.2026
Hello. Below will be several recommendations for trading on the Forex market for 3.02.2026
GBPUSD
On the GBPUSD pair, based on last week's results, a Pin Bar pattern formed. There are no Price Action patterns on the daily chart yet. I think we can watch the reaction around 50% of the last impulse; it is exactly at the upper boundary of the FVG 1.3642. Perhaps in this area we will finish the downward correction, ignore the Pin Bar and continue growth with the upward trend. I am not considering sales from current prices; I would like to see a small pullback upward.
AUDUSD
On the AUDUSD pair, a Doji pattern formed at the 0.6940 level. Of course, I would like to see last week's low of 0.6901 taken out. But it is also possible to try looking intraday from current levels for buy signals. Targets for purchases are around the 0.7136 level.
Fundamental Market Overview for February 03
U.S. House Speaker Mike Johnson
On Monday, Asia collapsed under pressure from macroeconomic circumstances - a sell-off in precious metals and the U.S. shutdown. Investors ignored China's PMI rising to 50.3 (the highest since October); they fear a decline in consumer spending after the Lunar year.
European and American markets had a different reaction to the largest fall in gold and silver this century. Indices rose, especially in the IT sector, which is suffering from higher raw material costs amid the precious metals rally.
Investors focused on earnings season and positive news from the U.S. Congress. House Speaker Mike Johnson promised that the shutdown would be short and would end on Tuesday.
Asia-Pacific Region
- KOSPI collapsed by more than 5%
- Hong Kong — 2.32%
- China — 2.13%
- Japan — 1.25%
- Australia — 1.02%
All the main news of the day came out this morning:
- 03-30 - Australia Building Permits
- 07-30 - RBA Interest Rate Decision, Australia
- 07-30 - RBA Monetary Policy Report, Australia
USA
- Dow Jones gained 1.05%
- S&P 500 + 0.54%
- Nasdaq + 0.56%
Europe
- DAX + 1.13%
- CAC40 + 0.67%
- FTSE 100 + 1.15%
Cryptocurrency News
Bitcoin rebounded strongly from the $78K level and is testing resistance at $79K. The cryptocurrency market ended Monday in an “overwhelmingly green” color.
The main events at the opening of the week:
- MicroStrategy acquires an additional 855 BTC. As of February 1, the company owns 713,502 BTC at an average price of $76,052
- Binance's Secure Asset Fund for Users (SAFU) acquired 1,315 BTC worth $100.7 million
- Bitmain (BMNR) announced the acquisition of an additional 41,788 ETH last week
- South Korea introduces a tax on cryptocurrency giveaways and staking rewards.
Respectfully, Artem aka TeaDrinker