Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 19.01.2022 GBPUSD, EURJPY Posted: 18 Jan 2022 11:48 PM PST GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, after an attempt to test and break 76.0 fibo, GBPUSD has started a new decline, which may transform into a proper descending wave towards the low at 1.3160. The key resistance and the next upside target are the high at 1.3834.The H1 chart shows a more detailed structure of the current correctional downtrend. By now, the descending wave has reached 23.6 fibo and may later continue towards 38.2, 50.0, and 61.8 fibo at 1.3524, 1.3455, and 1.3385 respectively. The local resistance is the high at 1.3749.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, EURJPY is moving upwards after divergence on MACD. In this case, the asset may fall to break the low at 127.38 and then continue trading downwards to reach the longterm 61.8 fibo at 126.40.The H1 chart shows that the pair is falling; it has already reached 50.0 fibo and may later continue towards 61.8 and 76.0 fibo at 129.00 and 128.39 respectively. The key resistance is the local high at 131.60. |
| Forex Technical Analysis Forecast 19.01.2022 Posted: 18 Jan 2022 11:27 PM PST EURUSD, Euro vs US DollarAfter forming a new consolidation range around 1.1410 and breaking it to the downside, EURUSD has extended the correction down to 1.1315; right now, it is starting to form one more ascending structure towards 1.1494. The first target is at 1.1410.GBPUSD, Great Britain Pound vs US DollarHaving formed a new consolidation range around 1.3661 and broken it to the downside, GBPUSD has extended the correction down to 1.3574. Possibly, today the pair may start a new growth towards 1.3752. The first target is at 1.3661.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 76.50. Possibly, the pair may start another decline to break 75.60 and then continue trading downwards with the target at 74.24.USDJPY, US Dollar vs Japanese YenHaving completed the ascending wave at 115.05 along with the correction towards 114.44, USDJPY has and formed a new consolidation range above the latter level. If later the price breaks this range to the upside, the market may resume trading upwards to reach 115.44; if to the downside start a new decline with the target at 113.84.USDCHF, US Dollar vs Swiss FrancAfter reaching the shortterm upside target at 0.9178, USDCHF is falling towards 0.9150, at least. After that, the instrument may resume trading upwards with the target at 0.9209.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the descending wave at 0.7174. Today, the pair may resume trading upwards with the first target at 0.7244.BRENTBrent has... |
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