Latest News

Forex Technical Analysis Forecast 27.10.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1622 to the downside and then reaching 1.1584, EURUSD is expected to correct towards 1.1619 and may later resume falling to return to 1.1585. After that, the instrument may break this level and continue trading downwards with the shortterm target at 1.1528.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3824 to the downside and completing the descending wave at 1.3782, GBPUSD has broken the latter level and may later continue falling towards 1.3737. And thats just a half of this wave. The shortterm target of this descending wave is 1.3660.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the descending wave at 69.39; right now, it is consolidating above this level. Possibly, the pair may break the range to the upside and start a new correction to reach 70.00. Later, the market may resume falling within the downtrend with the target at 69.00.USDJPY, US Dollar vs Japanese YenAfter forming a new consolidation range around 113.95 and breaking it to the upside, USDJPY is expected to continue growing towards 114.40 or even extend the correction up to 114.50. However, any ascending movements should be considered as an alternative scenario. The main scenario implies a further downtrend with the target at 113.22.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending wave at 0.9223 along with the descending impulse towards 0.9188; right now, it is forming a new consolidation range above the latter level….

You may also like

Leave a reply

Your email address will not be published.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

More in Latest News