Forex Technical Analysis & Forecasts |
| Fibonacci Retracements Analysis 22.02.2022 EURUSD, USDJPY Posted: 22 Feb 2022 12:00 AM PST EURUSD, Euro vs US DollarAs we can see in the H4 chart, divergence on MACD made the asset complete the rising impulse and resume its local correction. The most probable scenario implies that the pair may finish the correction soon above the low at 1.1120 and then continue growing to break the next high and reach 38.2 fibo at 1.1590. At the same time, if the price breaks the support, it may fall towards the longterm 76.0 at 1.1047.The H1 chart shows a more detailed structure of the current descending correction, which has already tested 50.0 fibo twice and may later be heading towards 61.8 and 76.0 fibo at 1.1263 and 1.1210 respectively. A breakout of the resistance at 1.1495 will lead to a further midterm uptrend.USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, the situation hasnt changed much since last Tuesday. After rebounding from the high at 116.35, USDJPY is forming a new descending wave within the midterm correctional phase. The closest downside target is the low at 113.47, the next one is the midterm 23.6 fibo at 113.09. An alternative scenario implies a new growth to reach the postcorrectional extension area between 138.2 and 161.8 fibo at 117.46 and 118.13 respectively but its highly unlikely.In the H1 chart, the pair is falling towards 61.8 fibo and may later reach 76.0 fibo at 114.16, a breakout of which may lead to a further downtrend towards the low at 113.47. At the same time, there is local divergence on MACD, which may hint at a a possible... |
| Forex Technical Analysis Forecast 22.02.2022 Posted: 21 Feb 2022 11:42 PM PST EURUSD, Euro vs US DollarAfter breaking 1.1318 to the downside, EURUSD is expected to continue falling with the shortterm target at 1.1250. Later, the market may start a new growth to test 1.1322 from below and then resume trading downwards with the target at 1.1240.GBPUSD, Great Britain Pound vs US DollarHaving rebounded from 1.3636, GBPUSD is expected to continue falling and may soon reach 1.3585. Later, the market may break the latter level and form a new descending structure with the shortterm target at 1.3535.USDRUB, US Dollar vs Russian RubleUSDRUB has broken 77.60; right now, it is still growing towards 80.30. After that, the instrument may correct to return to 77.60 and then form one more ascending wave with the target at 81.05.USDJPY, US Dollar vs Japanese YenHaving finished the descending wave at 114.50, USDJPY is expected to correct to reach 115.27 and may later resume falling to break 114.40. After that, the instrument may continue falling with the target at 114.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is falling towards 0.9144. Later, the market may grow to reach 0.9208 and then resume trading downwards with the target at 0.9177.AUDUSD, Australian Dollar vs US DollarAUDUSD continues consolidating around 0.7190. Possibly, today the pair may grow towards 0.7214 and then form a new descending wave to break 0.7184. After that, the instrument may continue falling with the target at 0.7157.BRENTAfter breaking 96.00, Brent is expected to continue growing and reach... |
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