Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts


Forex Technical Analysis Forecast 18.02.2022

Posted: 17 Feb 2022 11:45 PM PST

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1358. If the price breaks this range to the downside, the market may start a new decline to reach 1.1320 or even extend this structure down to 1.1255; if to the upside resume trading within the uptrend with the target at 1.1400.GBPUSD, Great Britain Pound vs US DollarHaving completed the ascending wave at 1.3636, GBPUSD is falling towards 1.3569. Later, the market may form one more ascending structure with the target at 1.3655.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 75.75. Possibly, the pair may break the range to the downside and resume trading downwards with the target at 74.14.USDJPY, US Dollar vs Japanese YenHaving finished the descending wave at 114.80, USDJPY is correcting up to 115.57. Later, the market may resume falling with the shortterm target at 114.14.USDCHF, US Dollar vs Swiss FrancAfter reaching the shortterm downside target at 0.9188, USDCHF is expected to correct and may soon reach 0.9228. the market may resume trading downwards with the target at 0.9180 or even extend this structure down to 0.9170.AUDUSD, Australian Dollar vs US DollarAUDUSD continues growing towards 0.7229. After that, the instrument may form a new descending wave with the target at 0.7156.BRENTAfter finishing the ascending wave at 94.74 along with the correction towards 92.30, Brent is expected to form a new consolidation range between these two levels. If the price breaks this range to the...

Forex Technical Analysis Forecast 17.02.2022

Posted: 16 Feb 2022 11:33 PM PST

EURUSD, Euro vs US DollarHaving completed the ascending wave at 1.1394 along with the descending structure towards 1.1324, EURUSD is expected to consolidate between these two levels. If the price breaks this range to the downside, the market may continue the correction to reach 1.1255; if to the upside resume trading within the uptrend with the target at 1.1550.GBPUSD, Great Britain Pound vs US DollarGBPUSD is consolidating around 1.3545; it has already expanded this range up to 1.3599 and right now is falling to return to 1.3545. If the price breaks this range to the downside, the market may resume falling towards 1.3434; if to the upside form one more ascending structure with the target at 1.3630.USDRUB, US Dollar vs Russian RubleAfter finishing the descending structure at 74.90, USDRUB is expected to correct up to 75.95. Later, the market may resume trading downwards with the target at 73.30.USDJPY, US Dollar vs Japanese YenHaving broken 115.35, USDJPY is expected to continue falling towards 115.00. Later, the market may correct to test 115.35 from below and then resume falling with the target at 114.80.USDCHF, US Dollar vs Swiss FrancAfter breaking 0.9233 and then reaching the shortterm downside target at 0.9205, USDCHF is growing and may soon test 0.9233 from below. Later, the market may continue trading downwards with the target at 0.9191.AUDUSD, Australian Dollar vs US DollarHaving completed the ascending wave at 0.7214 along with the descending impulse towards...

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