Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 19.11.2021 AUDUSD, USDCAD Posted: 19 Nov 2021 02:30 AM PST AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, AUDUSD has reached 76.0 fibo. Convergence on MACD indicates a possible pullback to the upside soon. After the pullback is over, the pair may resume falling to break the local support at 0.7170 and then reach the low at 0.7106. The resistance is the local high at 0.7556.The H1 chart of AUDUSD shows that the start of a new growth after convergence on MACD, which may be heading towards 23.6, 38.2, and 50.0 fibo at 0.7322, 0.7367, and 0.7403 respectively. A breakout of the local low at 0.7250 will lead to a further downtrend.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, the correctional uptrend in USDCAD has reached 50.0 fibo. At the same time divergence on MACD hints that a further uptrend towards 61.8 and 76.0 fibo at 1.2697 and 1.2790 is highly unlikely. The main scenario implies a new descending wave to break the low at 1.2288 and reach the longterm 76.0 fibo at 1.2233.The H1 chart shows potential shortterm downside targets 23.6, 38.2, and 50.0 fibo at 1.2562, 1.2510, and 1.2468 respectively. The local resistance is the high at 1.2647. |
| Forex Technical Analysis Forecast 19.11.2021 Posted: 19 Nov 2021 01:30 AM PST EURUSD, Euro vs US DollarEURUSD has reached the shortterm upside target at 1.1372. Possibly, today the pair may fall towards 1.1328 and then form one more ascending structure to reach 1.1388 to complete this wave. Later, the market may resume trading within the downtrend with the target at 1.1300.GBPUSD, Great Britain Pound vs US DollarGBPUSD has completed the ascending structure at 1.3511. Today, the pair may fall to reach 1.3454 and then start another growth towards 1.3560. After that, the instrument may trade downwards to break 1.3450 and then continue falling with the target at 1.3290.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 73.00. Possibly, the pair may expand the range up to 73.73 and then fall towards 72.00. Later, the market may resume trading upwards with the target at 74.20.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 114.25. Today, the pair may expand the range up to 114.65 and then fall to return to 114.25. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 115.22; if to the downside continue the correction towards 112.90.USDCHF, US Dollar vs Swiss FrancUSDCHF has reached the shortterm downside target at 0.9250. Possibly, today the pair may grow to test 0.9280 from below and then correct downwards to reach 0.9233. Later, the market may resume trading upwards with the target at 0.9350.AUDUSD, Australian Dollar vs US DollarAfter completing the... |
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