Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 28.01.2022 AUDUSD, USDCAD Posted: 28 Jan 2022 12:30 AM PST AUDUSD, Australian Dollar vs US DollarAs we can see in the daily chart, having completed the correction, the asset is forming a new wave to the downside and retesting 38.2. The downside targets are 50.0 and 61.8 fibo at 0.6758 and 0.6464 respectively. The resistance is the high at 0.8007.In the H4 chart, after completing the correctional uptrend above 50.0 fibo, the asset is forming a new descending wave, which has already broken 76.0 fibo and is currently heading towards the low at 0.6991. If the price breaks the low, it may continue the midterm descending tendency. The local resistance is at 0.7314.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, the current correction is transforming into a new rising wave, which may be heading towards the high at 1.2963. However, on its way to the high, the asset must break 61.8 and 76.0 fibo at 1.2767 and 1.2840 respectively. A breakout of the high at 1.2963 will result in a further uptrend towards the longterm 38.2 fibo at 1.3023. Another scenario implies that the price may complete its growth and resume falling to reach the support at 1.2450.The H1 chart shows that the rising wave has reached 50.0 fibo. At the same time, there is divergence on MACD, which may hint at a possible pullback. If the price breaks 23.6, 38.2, and 50.0 fibo at 1.2677, 1.2633, and 1.2599 respectively, the instrument will continue falling to reach the low at 1.2450. |
| Forex Technical Analysis Forecast 28.01.2022 Posted: 28 Jan 2022 12:21 AM PST EURUSD, Euro vs US DollarAfter breaking the consolidation range to the downside at 1.1244 and completing the descending wave at 1.1130, EURUSD is expected to form a new consolidation range there. A breakout of this range to the upside may result in a new rising wave towards 1.1310. Today, the pair may form the first ascending structure to reach 1.1188 and then correct with the target at 1.1160.GBPUSD, Great Britain Pound vs US DollarAfter finishing the first descending wave at 1.3360, GBPUSD is growing towards 1.3550. Possibly, today the pair may form the first ascending structure to reach 1.3450 and then resume trading downwards with the first target at 1.3410.USDRUB, US Dollar vs Russian RubleHaving broken 78.14 and completed a downside continuation pattern, USDRUB is expected to fall and reach the shortterm target at 77.14. After that, the instrument may correct to test 78.14 from below and then resume trading downwards with the target at 76.58.USDJPY, US Dollar vs Japanese YenUSDJPY continues trading upwards. Possibly, today the pair may reach 115.55 and then start another decline with the target at 114.50.USDCHF, US Dollar vs Swiss FrancUSDCHF has reached the upside target at 0.9333. Today, the pair may form a new descending structure with the target at 0.9215.AUDUSD, Australian Dollar vs US DollarAUDUSD has broken 0.7090 to the downside; right now, it is extending the descending wave to 0.7002. Possibly, the pair may reach this level and start a new growth with the... |
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