Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 21.01.2022 AUDUSD, USDCAD Posted: 21 Jan 2022 01:24 AM PST AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, the asset is moving to the downside after finishing the correctional uptrend at 50.0 fibo and divergence on MACD. One can expect another rising impulse towards 61.8 and 76.0 fibo at 0.7340 and 0.7420 but the main scenario implies a further downtrend to reach the low at 0.6991.The H1 chart shows a more detailed structure of the current descending tendency, which has already tested 38.2 fibo twice. The next downside targets may be 50.0, 61.8, and 76.0 fibo at 0.7152, 0.7114, and 0.7069 respectively. The resistance is the high at 0.7314.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, the price is still falling; right now, it testing 50.0 fibo. Later, after completing a slight pullback, the asset may continue trading downwards to reach 61.8 and 76.0 fibo at 1.2372 and 1.2237 respectively. The resistance is the high at 1.2963.The H1 chart shows a more detailed structure of the current correction. After divergence on MACD, the growth has reached 23.6 fibo; the next upside targets may be 38.2 and 50.0 fibo at 1.2589 and 1.2631 respectively. A breakout of the local low at 1.2450 will indicate that the pullback is over and the asset may resume trading downwards. |
| Forex Technical Analysis Forecast 21.01.2022 Posted: 21 Jan 2022 12:24 AM PST EURUSD, Euro vs US DollarAfter completing the ascending impulse at 1.1334, EURUSD is expected to correct towards 1.1316, thus forming a new consolidation range between these two levels. Later, the market may break the range to the upside and form one more ascending structure towards 1.1360 or even reach the target at 1.1435.GBPUSD, Great Britain Pound vs US DollarHaving finished the correctional wave at 1.3578 along with the ascending impulse towards 1.3600, GBPUSD is correct to reach 1.3588, thus forming a new consolidation range between the two latter levels. After that, the instrument may break the range to the upside and start a new growth towards 1.3666 or even reach the target at 1.3750.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 76.40. Possibly, the pair may start another growth towards 76.96 and then form a new descending structure to break 75.77. Later, the market may continue trading downwards with the target at 74.46.USDJPY, US Dollar vs Japanese YenHaving completed the descending wave at 113.75, USDJPY is growing towards 114.05, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may continue the correction down to 112.80; if to the upside resume growing with the target at 114.87.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9160. Possibly, the pair may expand the range up to 0.9183 and then start a new correction towards 0.9122.... |
| 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