Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 10.11.2021

Posted: 09 Nov 2021 03:27 PM PST

EURUSD, Euro vs US DollarThe pair is trading in a consolidation range above 1.1560. At a moment, the market extended the range upwards to 1.1606. Today, the market is trading in a structure of decline to 1.1560. With an escape upwards, a pathway to 1.1626 will open. With an escape downwards a pathway for a decline to 1.1480.GBPUSD, Great Britain Pound vs US DollarThe currency pair is trading is a consolidation range around 1.3525. At a moment, the market has extended the range upwards to 1.3603 and then demonstrated a link of decline to 1.3525. Anther link f growth can develop today to 1.3628. When this level is reached, the correction will be almost over. Then another wave of decline is likely to develop to 1.3333.USDRUB, US Dollar vs Russian RubleThe currency pair performed a wave of decline to 70.65. Today a consolidation range can form at these lows. With an escape downwards, we expect a decline to 70.50. With an escape upwards, a pathway upwards to 71.55 will open. With a breakaway of this level upwards, correction might continue to 72.70.USDJPY, US Dollar vs Japanese YenThe currency pair has performed a wave of decline to 112.80. Today the market is consolidating around this level. We expect a link of correction to 113.27, follower by a decline to 112.53.USDCHF, US Dollar vs Swiss FrancThe currency pair performed a wave of decline to 0.9101. Today it might grow to 0.9138. Then another link of decline to 0.9080 is to follow.AUDUSD, Australian Dollar vs US DollarThe...

Fibonacci Retracement Analysis 10.11.2021 GBPUSD, EURJPY

Posted: 10 Nov 2021 02:24 AM PST

GBPUSD, Great Britain Pound vs US DollarOn D1, the pair is developing a wave of decline, breaking through 23.6 Fibo. The next mediumterm goals of the decline will be 38.2 1.3166 and 50.0 1.2830. The main resistance level is the high of 1.4250.On H1, there is correctional growth. The pullback has reached 38.2 Fibo and is ready to proceed to 50.0 1.3629 and 61.8 1.3677. A breakaway of the local low of 1.3424 will signal about further development of the downtrend.EURJPY, Euro vs Japanese YenOn D1, the last impulse of growth failed to test the area of the high at 134.12. The current decline can be either a pullback after growth or the beginning of a wave of decline to 50.0 127.87 and 61.8 126.40 Fibo. A breakaway of the high can open a pathway to the postcorrectional extension area of 138.2161.8 136.46137.92.On H1, there is a decline as a correction of the preceding wave of growth. The quotations are over 50.0 and are heading for 61.8 130.30. However, note a local convergence forming on the MACD, which might mean an approaching reversal upwards, to the resistance level of 133.48.
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