Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 29.11.2021 GOLD, USDCHF Posted: 29 Nov 2021 02:39 AM PST XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD is correcting downwards. After the correction is over, the next upside targets may be 61.8 and 76.0 fibo at 1908.00 and 1969.50 respectively. The key support is the low at 1638.76.As we can see in the H1 chart, the pair is moving upwards after convergence on MACD. At the same time, there is a possibility that the descending correction may yet continue to break the low at 1773.58 and then reach 76.0 fibo at 1759.10. So far, the first rising impulse is testing 23.6 fibo at 1798.04 and may later continue towards 38.2, 50.0, 61.8, and 76.0 fibo at 1813.21, 1825.35, 1837.49, and 1852.13 respectively. The key upside target is the current high at 1877.09.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after breaking the high at 0.9368 but failing to continue its growth, the asset started a new correction, which has already reached 50.0 fibo and may later continue towards 61.8 and 76.0 fibo at 0.9196 and 0.9155 respectively. On the other hand, a breakout of the high at 0.9374 will result in a further uptrend towards the postcorrectional extension area between 138.2 and 161.8 fibo at 0.9474 and 0.9541 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 growing to reach 38.2, 50.0, 61.8, and 76.0 fibo at 0.9276, 0.9295, 0.9313, and 0.9336 respectively. The local support is at 0.9215. |
| Forex Technical Analysis Forecast 29.11.2021 Posted: 29 Nov 2021 01:21 AM PST EURUSD, Euro vs US DollarAfter completing the correctional wave at 1.1321, EURUSD is forming a new descending structure towards 1.1247. Later, the market may start another growth to reach 1.1288 and then resume trading downwards with the target at 1.1170.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the correction at 1.3356. Possibly, today the pair may start a new decline to break 1.3294 and then continue trading downwards with the target at 1.3239.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating below 75.90. Today, the pair may fall to reach 74.33 and then grow towards 75.10. After that, the instrument may resume trading downwards to break 73.33 and then continue falling with the target at 72.72.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the descending wave at 113.05. Possibly, the pair may start a new growth with the target at 114.22 and then resume falling to reach 113.58.USDCHF, US Dollar vs Swiss FrancAfter completing the correction at 0.9216, USDCHF is expected to grow and reach 0.9316. Later, the market may start another decline with the target at 0.9270.AUDUSD, Australian Dollar vs US DollarAUDUSD has formed a new consolidation range around 0.7130. If later the price breaks this range to the downside, the market may resume trading downwards to reach 0.7106; if to the upside start a new correction with the target at 0.7190.BRENTAfter finishing the descending structure at 71.44, Brent is growing towards 77.05 and may later... |
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