Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Fibonacci Retracements Analysis 14.01.2022 AUDUSD, USDCAD

Posted: 14 Jan 2022 12:45 AM PST

AUDUSD, Australian Dollar vs US DollarAs we can see in the daily chart, the asset is still moving to the upside after testing 38.2 fibo and convergence on MACD. This movement should be considered as a shortterm ascending correction, which may later be followed by a further downtrend towards 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 broken 50.0 fibo. The next upside targets may be 61.8 and 76.0 fibo at 0.7340 and 0.7420 respectively. At the same time, there is divergence on MACD, which may indicate that the pullback may be over soon. The support is the low at 0.6991.USDCAD, US Dollar vs Canadian DollarAs we can see in the daily chart, after updating the high, the asset is correcting downwards. After completing the pullback, USDCAD may resume its 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.The H4 chart shows a more detailed structure of the current decline. After divergence on MACD, the decline has reached 50.0 fibo; the next downside targets may be 61.8 and 76.0 fibo at 1.2372 and 1.2237 respectively. A breakout of the local resistance at 1.2963 will result in a further uptrend.

Forex Technical Analysis Forecast 14.01.2022

Posted: 13 Jan 2022 11:42 PM PST

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1458. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1507; if to the downside start a new correction towards 1.1385 and then form one more ascending structure to reach the abovementioned target.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still consolidating around 1.3723. Possibly, the pair may grow and reach 1.3759. After that, the instrument may correct downwards with the target at 1.3626.USDRUB, US Dollar vs Russian RubleHaving broken the range to the upside and completing the correction at 76.35, USDRUB is expected to fall and break 74.22. Later, the market may continue trading downwards with the target at 72.00.USDJPY, US Dollar vs Japanese YenAfter completing the descending wave at 113.66, USDJPY is expected to consolidate near the lows. Later, the market may break the range to the upside and start another correction with the target at 114.92.USDCHF, US Dollar vs Swiss FrancHaving finished the descending wave at 0.9090, USDCHF is expected to consolidate near the lows. After that, the instrument may break the range to the upside and start a new correction with the target at 0.9183.AUDUSD, Australian Dollar vs US DollarAUDUSD is consolidating around 0.7288. If later the price breaks this range to the upside, the market may resume trading upwards to reach 0.7337; if to the downside start a new decline with the target at...

Forex Technical Analysis Forecast 13.01.2022

Posted: 12 Jan 2022 11:36 PM PST

EURUSD, Euro vs US DollarHaving completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the shortterm upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still growing and may soon reach 1.3722. After that, the instrument may correct towards 1.3627 and then start another growth with the target at 1.3760.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 74.66. Possibly, today the pair may break the range to the downside and resume trading downwards with the target at 74.07. Later, the market may correct to return to 74.66 and then form a new descending structure to reach 74.00.USDJPY, US Dollar vs Japanese YenAfter completing the descending wave at 114.90 and breaking it to the downside, USDJPY is still falling towards 114.16. Later, the market may start another correction with the target at 115.60.USDCHF, US Dollar vs Swiss FrancHaving finished the descending wave at 0.9130, USDCHF is expected to correct towards 0.9181. After that, the instrument may resume trading downwards with the target at 0.9090.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the ascending wave at 0.7288. Today, the pair may correct to reach 0.7212 and then resume growing with the target at 0.7333.BRENTBrent has completed the ascending structure at 85.00 and may...
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