Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Fibonacci Retracements Analysis 10.12.2021 AUDUSD, USDCAD

Posted: 10 Dec 2021 12:42 AM PST

AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, after breaking the low and reaching 38.2 fibo, the descending wave has been followed by a new pullback. After the pullback is over, AUDUSD may resume trading downwards to reach the postcorrectional extension area between 138.2 and 161.8 fibo at 0.6934 and 0.6830 respectively, and then the longterm 50.0 fibo at 0.6758.The H1 chart shows a more detailed structure of the current correction. The first wave has reached 23.6 fibo, while the next one may be heading towards 38.2, 50.0, and 61.8 fibo at 0.7206, 0.7273, and 0.7339 respectively. The support is the low at 0.6991.USDCADAs we can see in the H4 chart, divergence on MACD made the pair stop its growth at 76.0 fibo and start a new correctional downtrend. The next upside target is still 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 remains the low at 1.2288.In the H1 chart, the decline reached 38.2 fibo after divergence on MACD, but was later followed by local convergence and a new decline. However, it doesnt exclude a possibility of another descending impulse towards 50.0 and 61.8 fibo at 1.2571 and 1.2505 respectively. A breakout of the local resistance at 1.2854 will result in a further uptrend.

Forex Technical Analysis Forecast 10.12.2021

Posted: 09 Dec 2021 11:39 PM PST

EURUSD, Euro vs US DollarEURUSD has completed the descending wave at 1.1278; right now, it is growing towards 1.1315 and may later form a new descending structure to break 1.1270. After that, the instrument may continue trading downwards with the target at 1.1180.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still consolidating 1.3212. Possibly, today the pair may grow to reach 1.3257 and then resume trading downwards with the target at 1.3146.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating above 73.50. Possibly, the pair may break the range to the downside and resume falling with the first target at 72.50. Later, the instrument may start a new correction towards 74.20.USDJPY, US Dollar vs Japanese YenUSDJPY is consolidating above 113.30. Possibly, the pair may form one more ascending structure to reach 114.04 and then start a new decline to return to 113.30. Later, the market may resume growing with the shortterm target at 114.94.USDCHF, US Dollar vs Swiss FrancUSDCHF is growing towards 0.9285 and may later start a new correctional structure to reach 0.9222. After that, the instrument may resume trading upwards with the shortterm target at 0.9348.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the descending impulse at 0.7133. Today, the pair may correct towards 0.7159 and then resume trading downwards with the target at 0.7085.BRENTBrent has finished the ascending structure at 76.77 along with the correction towards 73.85. Possibly, today...

Forex Technical Analysis Forecast 09.12.2021

Posted: 08 Dec 2021 11:45 PM PST

EURUSD, Euro vs US DollarEURUSD has completed the correctional wave at 1.1350; right now, it is falling towards 1.1265 and may later form one more ascending structure to reach 1.1309. After that, the instrument may fall to break 1.1230 and continue trading downwards with the target at 1.1177.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the descending wave at 1.3164; right now, it is correcting towards 1.3257 and may later resume trading downwards with the target at 1.3146.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending structure at 73.55. Today, the pair may consolidate above this level. If later the price breaks this range to the downside, the instrument may resume trading within the downtrend with the first target at 72.45.USDJPY, US Dollar vs Japanese YenUSDJPY is consolidating around 113.70. Possibly, the pair may form one more ascending structure to reach 114.17 and then start a new decline to return to 113.70. Later, the market may resume growing with the shortterm target at 114.94.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the correctional structure at 0.9190; right now, it is growing towards 0.9285 and may later start another correction with the target at 0.9222.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the correction at 0.7171. Later, the market may resume trading downwards with the target at 0.7085.BRENTBrent is growing towards 78.25. Later, the market may start a new correction to reach 73.77 and...

Fibonacci Retracements Analysis 08.12.2021 GBPUSD, EURJPY

Posted: 08 Dec 2021 02:03 AM PST

GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, the situation hasnt changed much over the past week. After attempting to test the longterm 38.2 fibo at 1.3166, the asset was moving upwards to reach 23.6 fibo 1.3345. At the moment, the price is falling again to test the low at 1.3194 and break it. However, one shouldnt exclude a possibility of a rebound from the low and a new ascending wave. The key resistance remains at 1.3834.The H1 chart shows a more detailed structure of the current consolidation range. If the asset fails to break the low, the rising correction may continue towards 38.2 and 50.0 fibo at 1.3438 and 1.3514 respectively.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, after reaching 50.0 fibo, EURJPY is consolidating. Convergence on MACD may hint at a possible shortterm pullback soon. After the pullback is over, the asset may resume falling towards 61.8 fibo at 126.40.The H1 chart shows the upside correctional targets are 23.6, 38.2, and 50.0 fibo at 128.83, 129.71, and 130.44 respectively. The support is the low at 127.49.

Forex Technical Analysis Forecast 08.12.2021

Posted: 08 Dec 2021 12:27 AM PST

EURUSD, Euro vs US DollarEURUSD has completed the descending wave at 1.1226; right now, it is correcting towards 1.1296 and may later form a new descending structure to return to 1.1226. After that, the instrument may break this level and continue trading downwards with the target at 1.1177.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the descending wave at 1.3208; right now, it is correcting towards 1.3257 and may later resume trading downwards to break 1.3207. After that, the instrument may continue falling with the target at 1.3163.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the correction at 74.50. Today, the pair may resume trading downwards to reach 73.55. After that, the instrument may correct to test 74.14 from below and then form a new descending structure with the first target at 72.47.USDJPY, US Dollar vs Japanese YenAfter finishing the ascending wave at 113.76, USDJPY is expected to correct towards 113.17. Later, the market may form one more ascending structure to break 113.80 and then continue growing with the shortterm target at 114.98.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at 0.9277; right now, it is correcting towards 0.9220 and may later form one more ascending structure to reach 0.9300. After that, the instrument may start a new decline to return to 0.9277 and then resume trading upwards with the target at 0.9361.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range...
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