Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 24.11.2021

Posted: 24 Nov 2021 12:24 AM PST

EURUSD, Euro vs US DollarAfter completing the correctional structure at 1.1274, EURUSD is expected to fall towards 1.1197. Later, the market may start another correction with the target at 1.1274.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3353, GBPUSD is correcting towards 1.3396. Later, the market may resume trading downwards with the target at 1.3328.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 74.78. Possibly, the pair may form a new descending structure to break 73.90 and then continue falling with the target at 72.72.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 114.80. Today, the pair may break this range to the upside and reach 116.06. After that, the instrument may start a new correction to return to 114.80.USDCHF, US Dollar vs Swiss FrancUSDCHF is growing towards 0.9350. Later, the market may start another correction with the target at 0.9300.AUDUSD, Australian Dollar vs US DollarAUDUSD is still consolidating around 0.7222. Possibly, today the pair may break the range to the downside and resume falling towards 0.7170. After that, the instrument may start a new correction with the target at 0.7268.BRENTBrent has finished the ascending structure at 82.00; right now, it is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 77.40; if to the upside form one more ascending structure with the target...

Fibonacci Retracements Analysis 24.11.2021 GBPUSD, EURJPY

Posted: 23 Nov 2021 11:48 PM PST

GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, after finishing the shortterm correction and updating the previous low, GBPUSD is still heading towards the longterm 38.2 fibo at 1.3166. However, convergence on MACD indicates a possible shortterm pullback in the nearest future.The H1 chart shows the second attempt of the asset to break the previous low and fix below it. In this case, the price may continue falling to reach the postcorrectional extension area between 138.2 and 161.8 fibo at 1.3251 and 1.3151 respectively. The resistance is at 1.3834.EURJPY, Euro vs. Japanese YenThe H4 chart shows that the descending wave in EURJPY has tried to test the local low at 127.93 and the midterm 50.0 fibo at 127.87. If the asset had broken these levels, the pair could have fallen towards 61.8 fibo at 126.40. Instead, the asset is expected to start a new correctional uptrend.As we can see in the H1 chart, EURJPY is correcting upwards after finishing a quick descending impulse; it has already reached 23.6 fibo and may later continue growing towards 38.2, 50.0, and 61.8 fibo at 130.08, 130.73, and 131.38 respectively.

EURNZD Wave Analysis 23 November, 2021

Posted: 22 Nov 2021 07:27 PM PST

EURNZD currency pair recently reversed up from the support zone lying between the strong support level 1.6100 low of the previous impulse wave 1 and the lower daily Bollinger Band.

Fibonacci Retracements Analysis 23.11.2021 EURUSD, USDJPY

Posted: 23 Nov 2021 01:21 AM PST

EURUSD, Euro vs US DollarThe daily chart of EURUSD shows that the bearish phase is escalating. After breaking 61.8 fibo, the asset is heading towards 76.0 fibo at 1.1049. Previous local convergence on MACD resulted in a shortterm possible pullback, but thats all. The key resistance is still the high at 1.2350.The H1 chart shows convergence on MACD, which may hint at a possible pullback after the pair reaches 76.0 fibo at 1.1049. If it happens, the asset may grow and reach 23.6, 38.2, and 50.0 fibo at 1.1201, 1.1296, and 1.1370 respectively. A breakout of the fractal high at 1.1692 will result in a further uptrend towards the longterm high.USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, USDJPY continues trading upwards and has updated the high again. After the pullback is over, the pair may resume growing to reach the postcorrectional extension area between 138.2 and 161.8 fibo at 115.45 and 115.92 respectively. The key support is at 112.73.In the H1 chart, the asset may start a new pullback after testing the upside border of the postcorrectional extension area between 138.2 and 161.8 fibo at 115.45 and 115.92 respectively, which is confirmed by divergence on MACD. The correctional targets are 23.6, 38.2, and 50.0 fibo at 115.16, 114.70, and 114.32 respectively.

Forex Technical Analysis Forecast 23.11.2021

Posted: 23 Nov 2021 12:24 AM PST

EURUSD, Euro vs US DollarAfter completing another descending structure at 1.1230, EURUSD is expected to correct towards 1.1277. Later, the market may form a new descending structure to reach 1.1195 and then start another correction with the target at 1.1350.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3396, GBPUSD is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.3290; if to the upside start another correction with the target at 1.3455.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the ascending wave at 74.84; right now. it is consolidating around this level. Possibly, the pair may break the range downwards and form a new descending structure with the first target at 72.72.USDJPY, US Dollar vs Japanese YenUSDJPY is still growing. Possibly, today the pair may reach 115.40 and then form a new consolidation range there. If the price grows and breaks this range to the upside, the market may form one more ascending structure with the target at 115.88.USDCHF, US Dollar vs Swiss FrancAfter completing the ascending wave at 0.9330, USDCHF has formed a new consolidation range below this level. Possibly, the pair may start a new correction towards 0.9297 and then resume trading upwards with the target at 0.9350.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished another descending structure at 0.7222; right now, it is consolidating around this...

Forex Technical Analysis Forecast 22.11.2021

Posted: 22 Nov 2021 12:39 AM PST

EURUSD, Euro vs US DollarEURUSD has finished another descending structure at 1.1250 along with the correction towards 1.1325; right now, it is consolidating around 1.1277. Possibly, today the pair may fall to reach 1.1231 and then start another correction towards 1.1303. Later, the market may resume trading within the downtrend with the target at 1.1174.GBPUSD, Great Britain Pound vs US DollarGBPUSD is falling towards 1.3402. After that, the instrument may correct to reach 1.3457 and then resume falling with the target at 1.3300.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 73.15. Possibly, the pair may expand the range down to 72.67 and then grow towards 73.00. Later, the market may resume trading downwards with the target at 71.70.USDJPY, US Dollar vs Japanese YenAfter finishing the descending structure at 113.60, USDJPY is growing towards 114.55 and may later start a new decline to reach 114.07, thus forming a new consolidation range. If the price breaks this range to the upside, the market may resume trading upwards with the target at 115.53; if to the downside continue the correction towards 112.80 and then form one more ascending structure to reach 115.50.USDCHF, US Dollar vs Swiss FrancAfter completing the ascending structure at 0.9289, USDCHF has formed a new consolidation range around this level. Possibly, the pair may continue growing towards 0.9326 and then correct downwards to reach 0.9290. Later, the market may resume trading upwards...

Fibonacci Retracements Analysis 22.11.2021 GOLD, USDCHF

Posted: 22 Nov 2021 12:06 AM PST

XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD is correcting around 50.0 fibo. 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, which has already reached 23.6 fibo and may later continue towards 38.2, 50.0, and 61.8 fibo at 1831.96, 1818.00, and 1804.10 respectively. A breakout of the local resistance at 1877.09 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 reaching 76.0 fibo, the ascending wave has transformed into a new pullback. After the pullback is over, the pair may resume growing towards the high at 0.9368, a breakout of which will result in a further uptrend towards the shortterm postcorrectional extension area between 138.2 and 161.8 fibo at 0.9476 and 0.9543 respectively. The key support is at 0.9085.In the H1 chart, after completing the correctional decline and breaking 23.6 fibo, the pair is attempting to grow and reach the high at 0.9330. The next downside target will be 38.2 and 50.0 fibo at 0.9243 and 0.9216 respectively. The key support is at 0.9102.
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