Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Gold Wave Analysis 29 October, 2021

Posted: 28 Oct 2021 09:21 PM PDT

Gold recently reversed down sharply from the key resistance level 1806.00 which has been reversing the price from the start of September strengthened by the upper daily Bollinger Band.

EURCHF Wave Analysis 29 October, 2021

Posted: 28 Oct 2021 09:21 PM PDT

EURCHF continues to fall after the price broke through the two multimonth support levels 1.0660 multimonth low from November and 1.0600 former monthly low form July of 2020.

Forex Technical Analysis Forecast 29.10.2021

Posted: 29 Oct 2021 02:03 AM PDT

EURUSD, Euro vs US Dollar After rebounding from 1.1582, EURUSD has completed the ascending wave at 1.1688; right now, it is correcting to reach 1.1660 and may later finish the ascending wave by forming another ascending structure towards 1.1717. After that, the instrument may resume trading downwards with the target at 1.1580.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3747 to the upside and completing the ascending wave at 1.3815, GBPUSD is falling to return to 1.3747 and may later start another growth to reach 1.3774. If later the price breaks 1.3747 to the downside, the market may start another decline with the target at 1.3660. On the other hand, the asset may break 1.3800 to the upside and form one more ascending structure to reach 1.3880.USDRUB, US Dollar vs Russian RubleUSDRUB is correcting downwards to reach 69.90 and may later grow towards 70.50, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading within the downtrend with the target at 69.00; if to the upside form one more ascending structure to reach 70.82.USDJPY, US Dollar vs Japanese YenUSDJPY has reached the shortterm downside target at 113.30. Today, the pair may grow to test 113.79 from below and then start a new decline with the first target at 112.88.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the descending wave at 0.9113; right now, it is growing towards 0.9150. After that, the...

EURGBP Wave Analysis 28 October, 2021

Posted: 27 Oct 2021 09:12 PM PDT

EURGBP today reversed up from the support zone lying at the intersection of the support level 0.8420 which has been reversing the price from the middle of October, lower daily Bollinger Band and the support trendline of the daily down channel from April.
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