Forex Technical Analysis & Forecasts

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Fibonacci Retracements Analysis 24.01.2022 GOLD, USDCHF Posted: 24 Jan 2022 12:21 AM PST XAUUSD, Gold vs US DollarAs we can see in the daily chart, XAUUSD is still forming another rising wave within the uptrend and may soon reach 50.0 fibo. Later, the pair is expected to continue the uptrend to reach 61.8 and 76.0 fibo at 1908.00 and 1969.50 respectively. The key support remains at the low at 1638.76.The H1 chart shows a shortterm correction to the downside after the previous ascending impulse, which earlier reached 76.0 fibo. After the pullback is over, the asset may grow to the local high at 1877.09. The local support is at 1752.50.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, the asset is falling towards the support at 0.9085; it may soon retest this area and rebound from it. However, the price breaks it, the instrument may continue falling towards the postcorrectional extension area between 138.2 and 161.8 fibo at 0.8975 and 0.8907 respectively. The key resistance is the high at 0.9374.The H1 chart shows that the pair is moving upwards after testing the low at 0.9092 and has already reached 23.6 fibo. Later, the market may continue growing towards 38.2, 50.0, and 61.8 fibo at 0.9200, 0.9233, and 0.9266 respectively. If USDCHF breaks the local low at 0.9092, it may continue falling to reach the key one at 0.9085.

Forex Technical Analysis Forecast 24.01.2022 Posted: 24 Jan 2022 12:09 AM PST EURUSD, Euro vs US DollarAfter completing the ascending impulse at 1.1359, EURUSD is correcting towards 1.1330, thus forming a new consolidation range between these two levels. If later the market breaks the range to the upside, the price may form one more ascending structure towards 1.1400 or even reach the target at 1.1427; if to the downside continue the correction down to 1.1300.GBPUSD, Great Britain Pound vs US DollarGBPUSD is consolidating around 1.3560. Possibly, the pair may break the range to the downside and resume falling with the shortterm target at 1.3517. After that, the instrument may correct towards 1.3590 and then start a new decline to reach 1.3472.USDRUB, US Dollar vs Russian RubleHaving finished the ascending structure at 77.20, USDRUB is expected to form a new descending structure to break 76.38. Later, the market may continue trading downwards with the target at 75.75.USDJPY, US Dollar vs Japanese YenUSDJPY is consolidating above 113.62. Possibly, the pair may correct up to 114.18 and then resume falling with the target at 113.32.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9144; it has already finished the descending structure at 0.9107. Today, the pair may grow to test 0.9144 from below and then resume trading downwards with the target at 0.9084.AUDUSD, Australian Dollar vs US DollarAUDUSD continues trading to the downside with the target at 0.7157. After that, the instrument may start a new correction towards...

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