Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Fibonacci Retracements Analysis 29.12.2021 GBPUSD, EURJPY

Posted: 29 Dec 2021 01:18 AM PST

GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD has reached 38.2 fibo after convergence on MACD. It looks like the pair is starting a new decline towards the key support at 1.3160. At the same time, an opposite scenario implies another rising impulse to reach 50.0 and 61.8 fibo at 1.3497 and 1.3577 respectively. if the market breaks the support, it will continue falling towards the longterm 50.0 fibo at 1.2830.The H1 chart shows that the price is correcting to the downside after local divergence on MACD; the targets are 23.6, 38.2, 50.0, and 61.8 fibo at 1.3394, 1.3351, 1.3317, and 1.3283 respectively. the resistance is the high at 1.3462.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, EURJPY is correcting upwards after convergence on MACD; it has already reached 38.2 fibo and may later continue towards 50.0 and 61.8 fibo at 130.44 and 131.15 respectively. After the pullback is over, the asset may resume falling to break the low at 127.38 and then reach the longterm 61.8 fibo at 126.40.The H1 chart shows that the pair is falling after divergence on MACD; the correctional targets are 23.6, 38.2, 50.0, and 61.8 fibo at 129.58, 1298.18, 128.87, and 128.55 respectively. The support is the low at 127.52, while the resistance is the high at 130.22.

Forex Technical Analysis Forecast 29.12.2021

Posted: 29 Dec 2021 12:18 AM PST

EURUSD, Euro vs US DollarEURUSD has finished the descending wave at 1.1292 along with the ascending structure towards 1.1317. Possibly, the pair may fall to reach 1.1280 and then form one more ascending structure with the target at 1.1338.GBPUSD, Great Britain Pound vs US DollarAfter completing the ascending wave at 1.3457 along with the descending impulse towards 1.3414, GBPUSD has finished the correction to reach 1.3440. Today, the pair may form a new descending structure with the first target at 1.3368 and then start another correction towards 1.3415.USDRUB, US Dollar vs Russian RubleUSDRUB is still correcting towards 73.90. After that, the instrument may trade downwards to reach 72.82 and then start another correction towards 74.34. Later, the market may resume falling with the target at 71.71.USDJPY, US Dollar vs Japanese YenUSDJPY is correcting towards 114.59 and may later form one more ascending structure to reach 115.15. After that, the instrument may start another correction with the target at 114.14.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9180 without any specific direction. Today, the pair may expand the range down to 0.9145 and then resume growing towards 0.9220. After that, the instrument may break this level to the upside and form one more ascending structure with the target at 0.9260.AUDUSD, Australian Dollar vs US DollarAfter finishing the ascending wave at 0.7262 and then descending impulse towards 0.7216, AUDUSD is correcting to...

Fibonacci Retracements Analysis 28.12.2021 EURUSD, USDJPY

Posted: 28 Dec 2021 01:27 AM PST

EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is still consolidating at 23.6 fibo and correcting the previous descending wave; the correctional wave has already reached 38.2 fibo after convergence on MACD. The current technical picture implies two possible scenarios a new rising impulse towards 50.0 and 61.8 fibo at 1.1439 and 1.1500 respectively, and a further downtrend to reach the low at 1.1186, a breakout of which may lead to the midterm 76.0 fibo at 1.1047. The key resistance is at 1.1692.The H1 chart shows a more detailed structure of the current consolidation range, which may be considered as a correction after the rising wave. A quick and volatile correctional impulse to the downside after local divergence on MACD has reached 76.0 fibo. At the moment, the asset is trading between 23.6 and 38.2 fibo, while the next rising impulse may be heading to break the high at 1.1383.USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, after completing a quick descending wave towards 23.6 fibo at 112.47, USDJPY is forming a steady rising impulse to reach the high at 115.52. If the pair fails to break the high, it may resume falling to reach 38.2 and 50.0 fibo at 110.58 and 109.06 respectively. On the other hand, if the pair succeeds, it may continue growing towards the postcorrectional extension area between 138.2 and 161.8 fibo at 116.65 and 117.36 respectively.In the H1 chart, the pair has reached 76.0 fibo; right now, it is trying to break this...

Forex Technical Analysis Forecast 28.12.2021

Posted: 28 Dec 2021 12:21 AM PST

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1318 without any specific direction. Possibly, the pair may expand the range down to 1.1294 and then grow to reach 1.1352. After that, the instrument may start another decline to return to 1.1318. If later the price breaks this range to the upside, the market may form one more ascending structure towards 1.1404; if to the downside resume falling with the target at 1.1200.GBPUSD, Great Britain Pound vs US DollarGBPUSD continues consolidating around 1.3419 without any particular direction. Today, the pair may expand the range up to 1.3457 and then form a new descending structure to return to 1.3419. If later the price breaks the range to the downside, the market may resume trading downwards with the first target at 1.3315.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating below 73.52. Possibly, today the pair may resume trading downwards to break 73.20 and then continue falling towards 72.67 or even reach the target at 72.50.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending wave at 114.94. Possibly, the pair may correct towards 114.59. Later, the market may form one more ascending structure to reach 115.15 and then start another correction with the target at 114.14.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9180. Today, the pair may expand the range down to 0.9145 and then resume growing towards 0.9220. After that, the instrument may break this level to the...
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