Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 21.02.2022 GOLD, USDCHF Posted: 20 Feb 2022 11:54 PM PST XAUUSD, Gold vs US DollarAs we can see in the H4 chart, the asset is testing the midterm 61.8 fibo at 1908.00. Possibly, the pair may rebound and form a slight pullback, which may later be followed by a further uptrend. The next upside target is 76.0 fibo at 1969.00.The H1 chart shows that the pair is forming a shortterm correction after divergence on MACD. The correctional targets are 23.6, 38.2, and 50.0 fibo at 1877.90, 1858.92, and 1844.28 respectively. If the price breaks the high at 1908.19, the asset may resume its midterm uptrend.USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, after breaking the consolidation range to the downside, USDCHF is moving downwards to reach 76.0 fibo at 0.9164. At the same time, the key downside targets are the local and midterm lows at 0.9108 and 0.9092 respectively. However, if the price rebounds from 76.0 fibo, the asset may resume growing to break the local high at 0.9343 and reach the key one at 0.9374.In the H1 chart, the pair is consolidating and testing 61.8 fibo. In this case, the asset is expected to break the range to the downside and resume falling. |
| Forex Technical Analysis Forecast 21.02.2022 Posted: 20 Feb 2022 11:45 PM PST EURUSD, Euro vs US DollarAfter finishing the descending wave at 1.1313 and then returning to 1.1366, EURUSD is consolidating below the latter level. Possibly, the pair may form a new descending structure to break 1.1323 and then continue falling towards 1.1255. On the other hand, if the price grows and breaks 1.1370, the market may start another growth to reach 1.1404 and then resume trading downwards with the target at 1.1350.GBPUSD, Great Britain Pound vs US DollarHaving completed the descending wave at 1.3575 and then returning to 1.3615, GBPUSD is consolidating around the latter level. Today, the pair may start another growth to reach 1.3644 or even extend this structure up to 1.3652. Later, the market may form a new descending structure with the target at 1.3570.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 75.85. Possibly, today the pair may expand the range up to 76.95 and then resume trading downwards to break 74.85. After that, the instrument may continue falling with the shortterm target at 74.00.USDJPY, US Dollar vs Japanese YenHaving finished the ascending impulse at 115.28 along with the correction down to 114.85, USDJPY is expected to grow to reach 115.35 and may later resume falling towards 115.00. After that, the instrument may continue the correction to reach 115.57. Later, the market may resume trading downwards to break 114.50 and then continue falling with the shortterm target at 114.40.USDCHF, US Dollar vs Swiss FrancUSDCHF is... |
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