Latest News

Forex Technical Analysis Forecast 23.08.2021

EURUSD, Euro vs US DollarAfter finishing another descending structure at 1.1633 along with the correction towards 1.1697, EURUSD has formed a new consolidation range around the latter level; right now, it is expected to break it to the upside and continue the correction to reach 1.1731. After that, the instrument may fall to return to 1.1697 and forming another consolidation range there. If later the price breaks this range to the downside, the market may resume falling with the target at 1.1600; if to the upside continue the correction towards 1.1740.GBPUSD, Great Britain Pound vs US DollarAfter completing the descending wave and reaching the shortterm target at 1.3601, GBPUSD is trading correcting towards 1.3666. downwards. Possibly, the pair may test 1.3680 and then form a new descending wave with the target at 1.3599.USDRUB, US Dollar vs Russian RubleUSDRUB is falling towards 73.60 and may later correct to reach 74.04, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume falling within the downtrend with the target at 72.00; if to the upside form one more ascending structure towards 75.00.USDJPY, US Dollar vs Japanese YenUSDJPY is still correcting to the upside; by now, it has formed a new consolidation range around 109.73. Possibly, today the pair may form a new descending structure towards 109.59 and then start another growth to reach 109.97. Later, the market may resume falling…

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News