Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 08.11.2021 GOLD, USDCHF Posted: 07 Nov 2021 07:15 PM PST XAUUSD, Gold vs US DollarOn D1, gold grew to 38.2 upon falling to 23.6. Such a technical picture can be interpreted as a correction after a convergence, but the correction can turn into a wave of growth. The next aims can be 50.0 1856.55, 61.8 1908.00, and 76.0 1969.50. However, the main goal is the alltime high of 2074.75. The current low of 1638.76 is the main support level.On H1, the quotations have risen above 76.0 1807.00 and are heading for the local high of 1833.94. A breakaway of this high will confirm the idea of further growth to mediumterm goals and the level of 50.0 1856.55 in particular.USDCHF, US Dollar vs Swiss FrancOn H4, the declining wave stopped somewhere near 76.0 Fibo. Current growth might be the beginning if a new wave of growth, aiming at the high of 0.9368. A breakaway of this will open a pathway to the postcorrectional extension area of 138.2161.8 0.94750.9543. The main support is at 0.9018.On H1, correctional growth after a convergence reached 23.6 Fibo. Further growth might aim at 38.2 0.9193, 50.0 0.9226, and 61.8 0.9260. A breakaway of the local support level at 0.9085 will mean the downtrend continues.  |
| Forex Technical Analysis Forecast 08.11.2021 Posted: 07 Nov 2021 03:42 PM PST EURUSD, Euro vs US DollarThe quotations are forming a wide consolidation range around 1.1560. Today the range can extend to 1.1480. Then a link of growth to 1.1560 might happen, followed by a decline to 1.1407. The goal is local.GBPUSD, Great Britain Pound vs US DollarThe currency pair is forming a consolidation range around 1.3515. Today a decline to 1.3333 might happen. The goal is local. After this level is reached, a wave of correction to 1.3515 might follow a test from below. Then a decline to 1.3220 might happen.USDRUB, US Dollar vs Russian RubleThe currency pair performed a wave of growth to 72.22 and a correction to 71.20. Today a link of growth to 71.80 might happen. After a breakaway of this level upwards, we expect further growth to 72.70. The aim is main.USDJPY, US Dollar vs Japanese YenThe currency pair performed a wave of decline to 113.30. Today the market performed a link of correction to 113.65 a test from below. We expect another decline to 113.06. With a breakaway of this level downwards, the pair might reach 112.80. The goal is local.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps forming a consolidation range around 0.9120. Today the range might extend downwards to 0.9103. Then we expect a link of growth to 0.9140. Next thing, a link of decline to 0.9080 might follow. After this level is reached, a new wave of growth to 0.9155 might start. With a breakaway of this level upwards as well, the trend might continue to 0.9250.AUDUSD, Australian...  |
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