Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Fibonacci Retracements Analysis 15.11.2021 GOLD, USDCHF

Posted: 15 Nov 2021 01:21 AM PST

XAUUSD, Gold vs US DollarIn the H4 chart, after reaching 50.0 fibo, XAUUSD is correcting around this level. After the correction is over, the next upside targets may be 61.8 and 76.0 fibo at 1908.00 and 1969.50 respectively. However, the key upside target is the alltime high at 2074.75. The key support is the low at 1638.76.The H1 chart shows a more detailed structure of the current correction and its targets, which are 23.6, 38.2, and 50.0 fibo at 1842.72, 1826.75, and 1814.00 respectively. A breakout of the local resistance at 1868.92 will result in a further uptrend towards the shortterm postcorrectional extension area between 138.2 and 161.8 fibo at 1876.75 and 1903.00 respectively.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after completing the rising wave at 50.0 fibo, the asset has started a new pullback. After the pullback is over, the pair may resume growing towards 61.8 and 76.0 fibo at 0.9260 and 0.9300 respectively. The key upside target is the high at 0.9368, while the key support is at 0.9085.In the H1 chart, divergence on MACD made the pair start a new pullback, which is now testing 38.2 fibo at 0.9186. The next downside target will be 50.0 fibo at 0.9170. The resistance is at 0.9238.

Forex Technical Analysis Forecast 15.11.2021

Posted: 14 Nov 2021 11:03 PM PST

EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1432, EURUSD is consolidating around 1.1455. Today, the pair may grow and correct towards 1.1500. Later, the market may resume trading within the downtrend with the target at 1.1404.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3361 and then returning to 1.3400, GBPUSD has formed a new consolidation range around the latter level. Possibly, the pair may expand this range up to 1.3450 and then resume falling with the target at 1.3289.USDRUB, US Dollar vs Russian RubleAfter reaching the upside target at 72.70, USDRUB is expected to form a new descending structure to break 72.00. Later, the market may continue trading downwards with the target at 70.65.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 114.00. If later the price grows and breaks this range to the upside at 114.30, the market may form one more ascending structure towards 115.22; if falls and breaks to the downside at 113.70 continue the correction with the target at 112.71.USDCHF, US Dollar vs Swiss FrancAfter completing the descending impulse at 0.9200, USDCHF is still consolidating around this level. Possibly, today the pair may continue the correction towards 0.9167 and then resume trading within the uptrend with the target at 0.9250.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range around 0.7300 and breaking it to the upside, AUDUSD has finished the...

Murrey Math Lines 15.11.2021 EURUSD, GBPUSD

Posted: 14 Nov 2021 10:27 PM PST

EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is trading within the oversold area. In this case, the price is expected to test 08, break it, and then continue growing to reach the resistance at 28. Still, this scenario may no longer be valid if the price breaks 18 to the downside. After that, the instrument may fall towards the support at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its growth.GBPUSD, Great Britain Pound vs US DollarIn the H4 chart, after breaking 08 and leaving the oversold area, GBPUSD is expected to continue growing towards the resistance at 28. However, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may continue falling to reach the support at 28.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
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