Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

CHFJPY Wave Analysis 1 November, 2021

Posted: 31 Oct 2021 11:42 PM PDT

CHFJPY continues to rise after the price broke the key resistance level 124.5 which stopped the previous sharp upward impulse wave 1 in the middle of October, as can be seen below.

FTSE 100 Wave Analysis 1 November, 2021

Posted: 31 Oct 2021 11:42 PM PDT

FTSE 100 index continues to rise after the price broke the key resistance level 7285.00 previous monthly high from October.

Forex Technical Analysis Forecast for November 2021

Posted: 31 Oct 2021 06:27 PM PDT

EURUSD, Euro vs US Dollar As we can see in the daily chart, after finishing the correctional wave at 1.1690 and rebounding from this level, EURUSD has completed the first descending impulse. Possibly, the pair may correct to test 1.1625 from below. Later, the market may resume falling to break 1.1535 and then continue trading downwards with the shortterm target at 1.1475. Overall, in November the asset is expected to form another descending wave with the key target at 1.1404.GBPUSD, Great Britain Pound vs US DollarIn the daily chart, after rebounding from 1.3820 to the downside, GBPUSD continues forming the descending wave towards 1.3525 and may later correct to test 1.3666 from below. After that, the instrument may start another with the shortterm target at 1.3350. in general, the asset is expected to form a new descending wave to reach 1.3246.USDRUB, US Dollar vs Russian RubleAs we can see in the daily chart, after breaking the downside border of a Triangle pattern at 72.50, USDRUB has completed the descending structure at 69.56. This month, the asset may grow to test 72.50 from below and then resume trading within the downtrend with the target at 64.05.USDJPY, US Dollar vs Japanese YenIn the daily chart, USDJPY is still consolidating around 113.80. if later the price breaks this range to the upside, the market may start a new growth with the target at 115.07; if to the downside correct towards 111.60 and then resume trading upwards to reach the abovementioned...

Forex Technical Analysis Forecast 01.11.2021

Posted: 01 Nov 2021 03:48 AM PDT

EURUSD, Euro vs US Dollar After rebounding from 1.1690, EURUSD has completed the descending wave at 1.1535; right now, it is consolidating above the latter level. If later the price breaks the range to the upside, the market may start another correction towards 1.1600 and then form a new descending structure with the target at 1.1505. On the other hand, the asset may break the range to the downside to reach the abovementioned target and then form one more ascending structure towards 1.1600.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3813 to the downside and completing the descending wave at 1.3666, GBPUSD is consolidating above the latter level. Possibly, today the pair may correct towards 1.3727 and then resume falling with the target at 1.3608. Later, the market may form one more ascending structure to test 1.3700 from below.USDRUB, US Dollar vs Russian RubleAfter forming a new consolidation range around 70.60 and breaking it to the upside, USDRUB is expected to continue the correction with the shortterm target at 71.17. Later, the market may correct to test 70.60 from above and then start another growth to reach 72.00.USDJPY, US Dollar vs Japanese YenAfter rebounding from 113.72 to the upside and then finishing the ascending wave at 114.22, USDJPY is consolidating around the latter level. If later the price breaks this range to the upside, the market may extend the ascending wave up to 115.22; if to the downside start a new decline with the target...
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)