Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts


Forex Technical Analysis Forecast 11.11.2021

Posted: 10 Nov 2021 03:00 PM PST

EURUSD, Euro vs US DollarThe currency pair has formed a consolidation range around 1.1560, and with an escape downwards, the wave of decline is likely to develop to 1.1441. After this level is reached, there might follow a link of correction to 1.1550 a test from below. Then a decline to 1.1404 can follow.GBPUSD, Great Britain Pound vs US DollarThe currency pair has broken through 1.3484 and goes on developing a wave of decline to 1.1333. After this level is reached, a link of correction to 1.3480 might follow, then a decline to 1.3220.USDRUB, US Dollar vs Russian RubleThe currency pair formed a consolidation range around 70.65. Today it can grow to 71.60, then decline to 71.00. At these levels, a new consolidation range is to form. With an escape upwards, growth to 72.70 can follow. With an escape downwards a pathway to 69.22.USDJPY, US Dollar vs Japanese YenThe currency pair completed a wave of growth to 114.14. Today a wave of decline is to develop towards 113.71, followed by growth to 113.90. Practically, a new consolidation range is to form at these levels. With an escape downwards, the quotations can fall to 112.80. With an escape upwards, a pathway to 115.50 can open.USDCHF, US Dollar vs Swiss FrancThe currency pair has completed a wave of growth to 0.9187. A consolidation range formed around this level. With an escape upwards, a pathway to 0.9200 will open. With a breakaway of this level upwards, the trend can continue to 0.9235.AUDUSD, Australian Dollar vs US...

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