Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 26.11.2021 AUDUSD, USDCAD Posted: 26 Nov 2021 01:39 AM PST AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, after breaking 76.0 fibo, AUDUSD is approaching the low at 0.7106, a breakout of which will result in a further downtrend to test or to break the longterm 38.2 fibo at 0.7052. The resistance is the local high at 0.7556.The H1 chart of AUDUSD shows convergence on MACD, which may indicate a possible pullback towards 23.6, 38.2, and 50.0 fibo at 0.7213, 0.7278, and 0.7331 respectively. A breakout of the local low at 0.7106 will lead to a further downtrend.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, after breaking 61.8 fibo, the midterm rising wave in USDCAD continues moving towards 76.0 fibo at 1.2790. However, the key upside target is the high at 1.2949. Moreover, a breakout of the high will lead to a further uptrend to reach the longterm 38.2 fibo at 1.3022. The support is the low at 1.2288.The H1 chart shows divergence on MACD. At the same time, the price is пакowing to reach 76.0 fibo at 1.2790. The support is 50.0 fibo at 1.2618. |
| Forex Technical Analysis Forecast 26.11.2021 Posted: 26 Nov 2021 01:06 AM PST EURUSD, Euro vs US DollarAfter completing the correctional wave at 1.1228, EURUSD is consolidating below this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.1180; if to the upside continue the correction with the target at 1.1257.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still falling towards 1.3295. Later, the market may start a new correction to reach 1.3350 and then resume trading downwards with the target at 1.3290.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 74.70. If later the price breaks this range to the downside, the market may resume trading downwards to reach 74.00; if to the upside form one more ascending structure with the target at 75.50.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the correctional wave at 114.60. Possibly, the pair may start a new growth with the target at 115.70 and then resume falling to reach 114.50.USDCHF, US Dollar vs Swiss FrancAfter completing the correction at 0.9316, USDCHF is expected to grow and reach 0.9383. Later, the market may start another decline with the target at 0.9315.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range around 0.7190 and breaking it to the downside, AUDUSD has completed the descending wave at 0.7138. Possibly, today the pair may continue trading downwards with the target at 0.7107.BRENTAfter breaking the consolidation range to the downside, Brent is expected to continue... |
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