Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 04.01.2022 EURUSD, USDJPY Posted: 04 Jan 2022 12:36 AM PST EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is still consolidating and correcting the previous descending wave; the correctional wave has already tested 38.2 fibo twice 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 more likely scenario, a further downtrend to reach and break the low at 1.1186. The key resistance is at 1.1692.The H1 chart shows that the asset is falling after testing 38.2 fibo and divergence on MACD; by now, it has already reached 50.0 fibo. In the future, the pair may continue its decline towards 61.8 and 76.0 fibo at 1.1263 and 1.1234 respectively. The local resistance is the high at 1.1383.USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, after breaking the high at 115.52, USDJPY continues forming the rising impulse to reach the postcorrectional extension area between 138.2 and 161.8 fibo at 116.66 and 117.36 respectively. The support is the low at 112.53.In the H1 chart, a breakout of the high was followed by divergence on MACD. In this case, the asset is expected to correct towards 115.52. |
| Forex Technical Analysis Forecast 04.01.2022 Posted: 04 Jan 2022 12:12 AM PST EURUSD, Euro vs US DollarEURUSD has reached the shortterm upside target at 1.1385. Possibly, today the pair may correct towards 1.1255 and then form one more ascending structure with the target at 1.1400.GBPUSD, Great Britain Pound vs US DollarAfter completing the ascending wave at 1.3548, GBPUSD is correcting downwards to reach 1.3407 and may later resume trading upwards with the target at 1.3478.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the descending impulse at 74.21 along with the correction towards 74.68. Today, the pair may continue falling with the shortterm target at 73.16.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the ascending wave at 115.79. Possibly, today the pair may correct towards 115.44 and then resume growing with the shortterm target at 116.00. Later, the market may start another correction to reach 115.00 and then form one more ascending structure towards 116.33.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed the descending wave at 0.9103; right now, it is growing towards 0.9212. After that, the instrument may form a new descending structure to reach 0.9157 and then resume trading upwards with the target at 0.9258.AUDUSD, Australian Dollar vs US DollarAfter finishing the ascending wave at 0.7276, AUDUSD is falling towards 0.7158. Later, the market may resume trading upwards to reach 0.7317 and then start another decline with the target at 0.7080.BRENTBrent is forming a narrow consolidation range around 79.00. Possibly, today... |
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