Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 28.10.2021

Posted: 28 Oct 2021 01:45 AM PDT

EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1588 along with the correction towards 1.1608, EURUSD is consolidating around the latter level. Possibly, today the pair may grow to reach 1.1625 and then resume falling to return to 1.1588. If later the price breaks this range to the downside, the market may start a new decline with the target at 1.1530; if to the upside form one more ascending structure to reach 1.1660.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3777 to the downside and completing the descending wave at 1.3710, GBPUSD is consolidating there. If later the price breaks this range to the upside, the market may start another correction with the target at 1.3777; if to the downside form a new descending structure to reach 1.3666.USDRUB, US Dollar vs Russian RubleAfter finishing the descending wave at 70.00 and forming a new consolidation range there, USDRUB has broken it upwards to reach 70.66. Possibly, the pair may continue growing towards 70.80 and then resume falling within the downtrend with the target at 70.00.USDJPY, US Dollar vs Japanese YenAfter completing another ascending wave at 113.40 and then returning to 113.80, USDJPY is still consolidating around the latter level. Today, the pair may expand the range down to 113.30 and then grow to return to 113.80. If later the price breaks this range to the downside, the market may start a new decline with the first target at 112.90.USDCHF, US Dollar vs Swiss...

Twitter Wave Analysis 27 October, 2021

Posted: 26 Oct 2021 09:09 PM PDT

Twitter recently broke the support zone login between the support level 58.00 which has been reversing the price from the start of September and the 61.8 Fibonacci correction of the upward impulse C from May.

Forex Technical Analysis Forecast 27.10.2021

Posted: 27 Oct 2021 12:51 AM PDT

EURUSD, Euro vs US Dollar After rebounding from 1.1622 to the downside and then reaching 1.1584, EURUSD is expected to correct towards 1.1619 and may later resume falling to return to 1.1585. After that, the instrument may break this level and continue trading downwards with the shortterm target at 1.1528.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3824 to the downside and completing the descending wave at 1.3782, GBPUSD has broken the latter level and may later continue falling towards 1.3737. And thats just a half of this wave. The shortterm target of this descending wave is 1.3660.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the descending wave at 69.39; right now, it is consolidating above this level. Possibly, the pair may break the range to the upside and start a new correction to reach 70.00. Later, the market may resume falling within the downtrend with the target at 69.00.USDJPY, US Dollar vs Japanese YenAfter forming a new consolidation range around 113.95 and breaking it to the upside, USDJPY is expected to continue growing towards 114.40 or even extend the correction up to 114.50. However, any ascending movements should be considered as an alternative scenario. The main scenario implies a further downtrend with the target at 113.22.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending wave at 0.9223 along with the descending impulse towards 0.9188; right now, it is forming a new consolidation range above the latter...

GBPJPY Wave Analysis 26 October, 2021

Posted: 25 Oct 2021 09:03 PM PDT

GBPJPY recently reversed up from the support zone lying between the key support level 156.15 former multimonth resistance from May and the 38.2 Fibonacci correction of the upward impulse from the start for October.
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