Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 06.12.2021 GOLD, USDCHF Posted: 06 Dec 2021 12:03 AM PST XAUUSD, Gold vs US DollarIn the H4 chart, after growing and reaching 50.0 fibo, XAUUSD is correcting downwards. Convergence on MACD indicates that the correction may be over soon. In this case, the next upside targets may be 61.8 and 76.0 fibo at 1908.00 and 1969.50 respectively. The key support is the low at 1638.76.As we can see in the H1 chart, the pair is forming the first rising wave after convergence on MACD, which has almost tested 23.6 fibo at 1789.00 and may later continue towards 38.2, 50.0, 61.8, and 76.0 fibo at 1805.80, 1819.42, 1833.00, and 1849.30 respectively. The key upside target is the current high at 1877.09, while the support is at 1761.79.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after updating its previous high, the asset started a new descending correction, which has almost reached 76.0 fibo and may later continue towards the high at 0.9374. A breakout of the high will result in a further uptrend towards the postcorrectional extension area between 138.2 and 161.8 fibo at 0.9474 and 0.9541 respectively. The key support remains at 0.9085.In the H1 chart, convergence on MACD made the pair stop falling and start a rather volatile rising impulse, which has reached 50.0 fibo. At the moment, the price is moving sideways. The local support is at 0.9157. The current situation doesnt exclude a possibility of a further decline towards the abovementioned support but the main scenario implies another growth to reach 61.8 and 76.0 fibo at... |
| Forex Technical Analysis Forecast 06.12.2021 Posted: 05 Dec 2021 11:48 PM PST EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1266 along with the correction towards 1.1326, EURUSD is rebounding from this level. Possibly, the pair may form a new descending structure to break 1.1235. Later, the market may continue trading downwards with the shortterm target at 1.1115.GBPUSD, Great Britain Pound vs US DollarAfter breaking 1.3260 to the downside, GBPUSD continues falling to reach 1.3183. Later, the market may correct to test 1.3260 from below and then resume trading downwards with the target at 1.3175.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.13. 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 YenUSDJPY is consolidating around 113.00. Possibly, the pair may form one more ascending structure to break 113.60 and then continue trading within the uptrend with the first target at 114.90.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9198. Possibly, today the pair may form one more ascending structure to break 0.9265 and then continue trading upwards with the target at 0.9333.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the descending wave at 0.6992; right now, it is growing to reach 0.7083. Later, the market may resume trading downwards with the target at 0.6950.BRENTAfter completing the ascending impulse at 72.82 along with the correction... |
| You are subscribed to email updates from Forex Technical Analysis & Forecasts . To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment