Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 06.01.2022

Posted: 06 Jan 2022 01:06 AM PST

EURUSD, Euro vs US DollarAfter forming a new consolidation range around 1.1300 and breaking it to the upside, EURUSD has reached the shortterm target at 1.1345; right now, it is falling to test 1.1300 from above. Later, the market may form one more ascending structure towards 1.1351 and then resume trading downwards to break 1.1300. After that, the instrument may continue falling with the target at 1.1252.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the ascending wave at 1.3597; right now, it is falling towards 1.3501. After that, the instrument may correct to reach 1.3545 and then start another decline with the target at 1.3440.USDRUB, US Dollar vs Russian RubleAfter forming a new consolidation range around 74.90 and breaking it to the upside, USDRUB is expected to continue growing towards 76.84. Later, the market may return to break 74.90 and then continue trading downwards with the first target at 74.01.USDJPY, US Dollar vs Japanese YenAfter completing the descending wave at 115.62 along with the correction towards 116.16, USDJPY has rebounded from the latter level; right now, it is trading downwards. Possibly, the pair may break 115.62 and then continue falling with the shortterm target at 115.08.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9164. Today, the pair may expand the range up to 0.9191 and then form a new descending structure to reach 0.9129. Later, the market may resume trading upwards with the first target at...

Fibonacci Retracements Analysis 05.01.2022 GBPUSD, EURJPY

Posted: 05 Jan 2022 12:30 AM PST

GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD has reached 50.0 fibo after convergence on MACD and may boost its growth towards 61.8 fibo at 1.3577. After that, the pair may start a new decline towards the key support at 1.3160. The key resistance is the local high at 1.3834.The H1 chart shows that the price is correcting to the downside after local divergence on MACD; the targets are 23.6, 38.2, 50.0, and 61.8 fibo at 1.3482, 1.3423, 1.3375, and 1.3327 respectively.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, EURJPY is correcting upwards after convergence on MACD; it has already reached 61.8 fibo and may later continue towards 76.0 fibo at 132.02. After this pullback is over, the asset may resume falling to break the low at 127.38 and then reach the longterm 61.8 fibo at 126.40. The resistance is the high at 133.48.The H1 chart shows that the pair may resume falling after divergence on MACD; the downside targets are 23.6, 38.2, 50.0, and 61.8 fibo at 130.50, 129.90, 129.42, and 128.93 respectively. The resistance is the high at 131.46.

Forex Technical Analysis Forecast 05.01.2022

Posted: 04 Jan 2022 11:42 PM PST

EURUSD, Euro vs US DollarAfter reaching the shortterm downside target at 1.1272, EURUSD has finished the ascending structure towards 1.1321. Possibly, today the pair may fall to reach 1.1254 and then form one more ascending structure with the target at 1.1322.GBPUSD, Great Britain Pound vs US DollarGBPUSD has expanded its range up to 1.3555. Today, the pair may form a new descending wave towards 1.3478 and then resume trading upwards with the target at 1.3519. After that, the instrument may start another decline to reach 1.3407.USDRUB, US Dollar vs Russian RubleUSDRUB has expanded its range up to 75.50. Possibly, the pair may fall to break 74.74 and then continue trading downwards with the first target at 73.97.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the ascending wave at 116.33. Possibly, today the pair may resume falling with the first target at 115.63.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed the descending wave at 0.9131 along with the ascending structure towards 0.9167. Today, the pair may form a new descending structure to reach 0.9130 and then resume trading upwards with the target at 0.9212.AUDUSD, Australian Dollar vs US DollarAUDUSD is still correcting towards 0.7158. Later, the market may resume trading upwards to reach 0.7317 and then start another decline with the target at 0.7080.BRENTBrent is consolidating around 79.00 without any specific direction. Possibly, today the asset may expand the range up to 81.55 and then start a new...
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