Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts


Forex Technical Analysis Forecast 20.01.2022

Posted: 19 Jan 2022 11:30 PM PST

EURUSD, Euro vs US DollarAfter completing the ascending wave at 1.1364, EURUSD is expected to correct towards 1.1333. Later, the market may form one more ascending structure to break 1.1364 and then continue trading upwards with the target at 1.1444.GBPUSD, Great Britain Pound vs US DollarHaving finished the ascending wave at 1.3648, GBPUSD is expected to correct towards 1.3600. After that, the instrument may start a new growth to break 1.3648 and then continue trading upwards with the target at 1.3705.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending impulse at 75.82 along with the correction towards 76.45. Today, the pair may start another decline to break 75.80 and then continue trading downwards with the shortterm target at 75.00.USDJPY, US Dollar vs Japanese YenHaving completed the descending wave at 114.24, USDJPY is correcting towards 114.48. Later, the market may resume falling with the target at 113.90.USDCHF, US Dollar vs Swiss FrancAfter finishing the correction at 0.9140, USDCHF is expected to grow and break 0.9178. Later, the market may continue trading upwards with the target at 0.9209.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the ascending wave at 0.7255. Today, the pair may correct to reach 0.7206 and then resume trading upwards with the target at 0.7280.BRENTBrent is still consolidating below 89.20. Possibly, today the asset may correct to reach 84.44 and then resume trading within the uptrend with the target at...

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