Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 14.02.2022 GOLD, USDCHF Posted: 13 Feb 2022 11:51 PM PST XAUUSD, Gold vs US DollarAs we can see in the H4 chart, after breaking the previous high, the asset continues trading upwards. In the future, the pair may reach and break the longterm 61.8 fibo at 1908.00. At the moment, XAUUSD is testing 50.0 fibo.The H1 chart shows that after finishing the midterm correction, the pair is moving to the upside; it has already broken 61.8 fibo and is now approaching the local high at 1877.09. The support is the low at 1752.50.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is consolidating between 50.0 and 76.0 fibo. The current technical picture implies a further uptrend, the key upside target is the high at 0.93745. If the price breaks it, the instrument may continue growing towards the postcorrectional extension area between 138.2 and 161.8 fibo at 0.9482 and 0.9548 respectively. The support is at 0.9092.In the H1 chart, the pair is correcting upwards; it has already tested 61.8 fibo twice and may later continue to reach 76.0 fibo and the local high at 0.9303 and 0.9343 respectively. The local support is the low at 0.9177. |
| Forex Technical Analysis Forecast 14.02.2022 Posted: 13 Feb 2022 11:36 PM PST EURUSD, Euro vs US DollarHaving completed another descending structure at 1.1329, EURUSD is expected to grow and test 1.1373 from below. Later, the market may start a new decline to break 1.1320 and then continue trading downwards with the target at 1.1280.GBPUSD, Great Britain Pound vs US DollarGBPUSD is forming a new descending structure to break 1.3520. After that, the instrument may continue trading downwards with the shortterm target at 1.3434.USDRUB, US Dollar vs Russian RubleUSDRUB has reached 75.84; right now, it is consolidating there. If the price breaks the range to the upside, the market may continue the correction towards 77.15 and then form a new consolidation range around this level; if to the downside resume trading downwards with the target at 75.05.USDJPY, US Dollar vs Japanese YenHaving completed the descending structure at 115.09, USDJPY is expected to correct towards 115.71. After that, the instrument may form a new descending wave with the target at 114.96.USDCHF, US Dollar vs Swiss FrancAfter finishing the descending wave at 0.9240, USDCHF is growing to reach 0.9277. Later, the market may resume falling with the target at 0.9250.AUDUSD, Australian Dollar vs US DollarAUDUSD is still falling to reach 0.7085. After that, the instrument may start another growth with the target at 0.7168.BRENTAfter breaking 93.80 and finishing the ascending wave at 96.50, Brent is expected to correct and test 93.80 from above. Later, the market may resume trading upwards... |
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