Forex Technical Analysis & Forecasts |
| Forex Technical Analysis Forecast 09.02.2022 Posted: 09 Feb 2022 01:06 AM PST EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1425. Possibly, today the pair may grow towards 1.1435 and then fall with the shortterm target at 1.1386. Later, the market may correct to test 1.1420 from below and then resume trading downwards to break 1.1380. After that, the instrument may continue falling to reach 1.1300.GBPUSD, Great Britain Pound vs US DollarGBPUSD continues forming a new consolidation range around 1.3528; it has already expanded the range up to 1.3566. Possibly, the pair may form a new descending structure towards 1.3465. Later, the market may correct to test 1.3522 from below and then start another decline with the target at 1.3455.USDRUB, US Dollar vs Russian RubleHaving broken 75.64, USDRUB continues trading downwards to reach 74.58. After that, the instrument may start another correction towards 75.65 and then resume falling with the target at 74.00.USDJPY, US Dollar vs Japanese YenUSDJPY has completed another ascending wave towards 115.65; right now, it is trading downwards to reach 114.78. After that, the instrument may start another correction with the target at 115.24.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9235. Possibly, the pair may break it to the upside and reach 0.9294. Later, the market may start a new decline to break 0.9235 and ten continue falling with the target at 0.9136.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range around 0.7100 and breaking it to the... |
| Fibonacci Retracements Analysis 09.02.2022 GBPUSD, EURJPY Posted: 09 Feb 2022 12:27 AM PST GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that the asset may resume falling towards 76.0 fibo and the low at 1.3302 and 1.3160 respectively, but its rather unlikely.The H1 chart shows a more detailed structure of the current correctional uptrend. By now, the ascending wave has already reached 61.8 fibo and right now the asset is correcting to the downside after local divergence on MACD. Later, the pair may continue growing towards 76.0 fibo and the4 high at 1.3655 and 1.3749 respectively. The local support is the low at 1.3358.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, EURJPY is forming a quick rising impulse within the uptrend, which has already reached 61.8 fibo. At the moment, the asset is starting a shortterm pullback. The next upside targets are 76.0 fibo and the high at 132.50 and 134.12 respectively.The H1 chart shows a more detailed structure of the correctional downtrend and its targets, 23.6, 38.2, and 50.0 fibo at 131.23, 130.68, and 130.23 respectively. A breakout of the local high at 132.12 will result in a further uptrend. |
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