Forex Technical Analysis & Forecasts |
| Ichimoku Cloud Analysis 14.12.2021 USDCAD, NZDUSD, BRENT Posted: 14 Dec 2021 12:18 AM PST USDCAD, US Dollar vs Canadian DollarUSDCAD is trading at 1.2800; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the clouds upside border at 1.2715 and then resume moving upwards to reach 1.2960. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the clouds downside border and fixes below 1.2645. In this case, the pair may continue falling towards 1.2555. To confirm further growth, the asset must break the resistance level and fix above 1.2855. This movement will indicate a breakout of the descending channels upside border.NZDUSD, New Zealand Dollar vs US DollarNZDUSD is trading at 0.6748; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the clouds downside border at 0.6775 and then resume moving downwards to reach 0.6625. Another signal in favour of a further downtrend will be a rebound from the upside border of the Triangle pattern. However, the bearish scenario may no longer be valid if the price breaks the clouds upside border and fixes above 0.6835. In this case, the pair may continue growing towards 0.6925. To confirm further decline, the asset must break the support level and fix below 0.6705. This movement will indicate a breakout of the patterns downside border.BRENTBrent is trading... |
| Forex Technical Analysis Forecast 14.12.2021 Posted: 13 Dec 2021 11:39 PM PST EURUSD, Euro vs US DollarEURUSD has completed another descending along with the correction towards 1.1290; right now, it is falling to reach 1.1200 and may later start a new correction to return to 1.1290. After that, the instrument may resume trading downwards with the target at 1.1180.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending structure at 1.3212 and forming a new consolidation range around this level, GBPUSD has broken it to the downside. Today, the pair may continue falling towards 1.3160. Later, the market may correct to return to 1.3212 and then resume trading downwards with the target at 1.3150.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 73.50 without any specific direction. 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 forming a narrow consolidation range around 113.55. Possibly, today the pair may break the range to the upside and reach 114.04. Later, the market may start a new correction to return to 113.55 and then resume trading upwards with the target at 114.55.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9229 without any particular direction. Possibly, the pair may break this range to the upside and resume growing towards 0.9286. Later, the market may correct to reach 0.9233 and then form one more ascending structure with the... |
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