Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 30.11.2021

Posted: 30 Nov 2021 12:24 AM PST

EURUSD, Euro vs US DollarAfter completing the descending wave at 1.1258 and then returning to 1.1293, EURUSD is consolidating between these two levels. Possibly, the pair may grow towards 1.1324 and then resume falling to break 1.1250. Later, the market may continue trading downwards with the target at 1.1199.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending structure at 1.3290 and then returning to 1.3320, GBPUSD is consolidating between these two levels. Today, the pair may start a new growth towards 1.3350 and then resume trading downwards to break 1.3290. Later, the market may continue falling with the target at 1.3222.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending wave at 74.24. Possibly, today the pair may correct to reach 75.13 and then fall to break 74.20. After that, the instrument may continue trading downwards with the target at 73.14.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the descending wave at 113.00 and may later start a new growth towards 114.20, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may continue the correction to reach 112.50; if to the upside form one more ascending structure with the target at 115.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating below 0.9260. Possibly, the pair may expand the range down to 0.9200 and then grow to break 0.9323. Later, the market may continue trading upwards...

Fibonacci Retracements Analysis 30.11.2021 EURUSD, USDJPY

Posted: 29 Nov 2021 11:54 PM PST

EURUSD, Euro vs US DollarAs we can see in the H4 chart, convergence on MACD made the pair stop falling after reaching 61.8 fibo and start a new rising wave, which has already reached 23.6 fibo and may later continue towards 38.2, 50.0, and 61.8 fibo at 1.1379, 1.1439, and 1.1500 respectively. on the other hand, a breakout of the local low at 1.1186 may result in a further downtrend towards the midterm 76.0 fibo at 1.1047. The key resistance is at 1.1692.In the H1 chart, the asset is retesting 23.6 fibo, a breakout of which may lead to the formation of one more rising impulse.USDJPY, US Dollar vs. Japanese YenAs we can see in the daily chart, divergence made the pair reverse after reaching 115.52 and start a new decline, which may be considered as a bearish correction. The key downside targets are 23.6, 38.2, and 50.0 fibo at 112.47, 110.58, and 109.06 respectively.In the H1 chart, the asset is forming a new pullback after finishing the first descending impulse; it has already reached 38.2 fibo and may later continue towards 50.0 and 61.8 fibo at 114.25 and 114.55 respectively. A breakout of the low at 112.99 will lead to a further decline to reach the midterm targets.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)