Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Fibonacci Retracements Analysis 24.12.2021 AUDUSD, USDCAD

Posted: 24 Dec 2021 01:45 AM PST

AUDUSD, Australian Dollar vs US DollarAs we can see in the daily chart, after falling and reaching 38.2 fibo, the descending wave has been followed by a new shortterm correction. After this pullback is over, AUDUSD may resume trading downwards to reach 50.0 fibo at 0.6758. The key resistance remains at the high at 0.8007.The H4 chart shows a more detailed structure of the current correctional uptrend, which has already reached 38.2 fibo. The upside targets may be 50.0 and 61.8 fibo at 0.7273 and 0.7340 respectively. The support is the low at 0.6991.USDCAD, US Dollar vs Canadian DollarAs we can see in the daily chart, the asset continues trading upwards and has already tested the previous high. In the nearest future, USDCAD is expected to start a slight correction, which may later be followed by a further midterm uptrend towards 38.2 and 50.0 fibo at 1.3023 and 1.3336 respectively. The key support remains at the low at 1.2007.In the H4 chart, the decline has reached 23.6 fibo after divergence on MACD. The next downside targets may be 38.2, 50.0, and 61.8 fibo at 1.2706, 1.2625, and 1.2546 respectively. A breakout of the local resistance at 1.2963 will result in a further uptrend.

Forex Technical Analysis Forecast 24.12.2021

Posted: 24 Dec 2021 12:54 AM PST

EURUSD, Euro vs US DollarAfter completing the correctional structure at 1.1303 and rebounding from this level, EURUSD is growing towards 1.1352. Later, the market may start another correction to reach 1.1310 and then form one more ascending structure with the target at 1.1371.GBPUSD, Great Britain Pound vs US DollarAfter finishing the ascending structure at 1.3436, GBPUSD is consolidating below this level. Today, the pair may resume falling to break 1.3397 and then continue trading downwards with the first target at 1.3277.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending wave at 73.20 along with the correction towards 73.52. Possibly, today the pair may continue trading downwards with the shortterm target at 72.72.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending structure at 114.50 and may later start a new correction to reach 113.78. After that, the instrument may resume trading upwards with the target at 114.15.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the correction at 0.9180. Today, the pair may correct to reach 0.9219 and then form a new descending structure with the target at 0.9145.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the ascending structure at 0.7250; right now, it is falling to reach 0.7220. Later, the market may start a new growth towards 0.7240. After that, the instrument may resume trading downwards to break 0.7188 and then continue falling with the target at 0.7126.BRENTBrent has broken...

Forex Technical Analysis Forecast 23.12.2021

Posted: 23 Dec 2021 12:21 AM PST

EURUSD, Euro vs US DollarAfter completing the ascending structure at 1.1316, EURUSD is consolidating above this level. If later the price breaks this range to the downside, the market may resume falling to reach 1.1250; if to the upside continue the correction towards 1.1377 or even reach the target at 1.1404.GBPUSD, Great Britain Pound vs US DollarAfter finishing the ascending structure at 1.3280 and then breaking this level, GBPUSD has reached the shortterm target at 1.3360. Today, the pair may resume falling towards 1.3314 and then continue the correction to reach 1.3384. Later, the market may start a new decline with the target at 1.3140.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.51. Later, the market may break this level and continue falling towards 72.72 or even reach the target at 72.40.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending structure at 114.36 and may later start a new correction to reach 113.94. After that, the instrument may resume trading upwards with the target at 114.46.USDCHF, US Dollar vs Swiss FrancUSDCHF has broken 0.9285. Possibly, today the pair may fall to reach 0.9183 and then grow to test 0.9285 from below. Later, the market may form a new descending structure with the target at 0.9145.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the ascending structure at 0.7222; right now, it is falling to reach 0.7174. Later, the market may start a new growth towards 0.7225 and then...

Forex Technical Analysis Forecast 22.12.2021

Posted: 21 Dec 2021 11:45 PM PST

EURUSD, Euro vs US DollarEURUSD continues falling. Possibly, today the pair may break 1.1262 and then reach 1.1230. After that, the instrument may start a new growth to test 1.1262 from below and then resume trading downwards with the target at 1.1221.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the correctional structure at 1.3262. Today, the pair may resume falling to break 1.3193 and then continue trading downwards with the target at 1.3140.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.51. Later, the market may break this level and continue falling towards 72.72 or even reach the target at 72.40.USDJPY, US Dollar vs Japanese YenUSDJPY continues growing towards 114.25 and may later start a new correction to reach 113.77. After that, the instrument may resume trading upwards with the target at 114.44.USDCHF, US Dollar vs Swiss FrancUSDCHF continues growing to break 0.9262. Later, the market may form one more ascending structure with the shortterm target at 0.9350.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the ascending structure at 0.7155; right now, it is falling to reach 0.7129. Later, the market may start a new growth with the target at 0.7166.BRENTBrent has finished the ascending structure at 74.50. Possibly, today the asset may consolidate around this level. If later the price breaks the range to the upside, the market may resume growing with the first target at 79.07. After that, the instrument may...
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