Forex Technical Analysis & Forecasts

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Forex Technical Analysis Forecast 09.11.2021 Posted: 08 Nov 2021 03:12 PM PST EURUSD, Euro vs US DollarThe currency pair has broken through 1.1566 upwards and suggests further correction to 1.1626. When this level is reached, a wave of decline might start, heading fro 1.1480.GBPUSD, Great Britain Pound vs US DollarThe currency pair broke through 1.3508 upwards and suggests further correction to 1.3629. After this level is reached, we expect a decline by the trend to 1.3333.USDRUB, US Dollar vs Russian RubleThe currency pair continues developing the consolidation range above 71.00. It might extend downwards to 70.65. Then a new wave of growth might start developing, aiming at 72.70.USDJPY, US Dollar vs Japanese YenThe currency pair has performed a wave of decline to 112.80. Today the market is again pushed downwards. We expect the level of 112.54 to be reached. Next thing, a link of correction to 113.22 is to follow a test from below. Then the wave of decline is to continue to 112.00.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps forming a consolidation range around 0.9120. Today the market is trying to break through this level downwards. A decline to 0.9100 is not excluded. After this level is reached, a link of growth to 0.9120 might follow a test from below, then a decline to 0.9080.AUDUSD, Australian Dollar vs US DollarThe currency pair is forming a consolidation range around 0.7407. It might extend to 0.7454. Then a wave of growth might start to 0.7390. With a breakaway of this level downwards as well, further falling to 0.7317 should...

Fibonacci Retracement Analysis 09.11.2021 EURUSD, USDJPY Posted: 09 Nov 2021 12:21 AM PST EURUSD, Euro vs US DollarOn D1, the quotations are demonstrating another attempt to test 50.0 1.1493 Fibo in a longterm bearish phase. Also note that a local divergence is forming on the MACD, which might hint on a shortterm pullback. When it is over, another wave of decline will head for not only 50.0 1.1493 but also 61.8 1.1290.On H4, one can see potential goals of the ascending correction after a local convergence on the MACD. Now the quotations have risen to 23.6, and later they can reach 38.2 1.1664 and 50.0 1.1711 Fibo. A breakaway of the low at 1.1513 will signal about the continuation of the downtrend.USDJPY, US Dollar vs Japanese YenOn D1, there is a downward movement beginning after a divergence. Potential goals of the mediumterm decline are 23.6 111.85, 38.2 110.07, and 50.0 108.64 Fibo. The main resistance is at the high of 114.70.On H4, there is a correctional decline to the last wave of growth. By now, the quotations have come over 23.6 and are aiming at 38.2 112.56 Fibo. After coming over this level, the decline might continue to 50.0 111.90 and 61.8 111.25. The key mediumterm support is 109.11.

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