Latest News

Forex Technical Analysis Forecast 28.10.2021

EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1588 along with the correction towards 1.1608, EURUSD is consolidating around the latter level. Possibly, today the pair may grow to reach 1.1625 and then resume falling to return to 1.1588. If later the price breaks this range to the downside, the market may start a new decline with the target at 1.1530; if to the upside form one more ascending structure to reach 1.1660.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3777 to the downside and completing the descending wave at 1.3710, GBPUSD is consolidating there. If later the price breaks this range to the upside, the market may start another correction with the target at 1.3777; if to the downside form a new descending structure to reach 1.3666.USDRUB, US Dollar vs Russian RubleAfter finishing the descending wave at 70.00 and forming a new consolidation range there, USDRUB has broken it upwards to reach 70.66. Possibly, the pair may continue growing towards 70.80 and then resume falling within the downtrend with the target at 70.00.USDJPY, US Dollar vs Japanese YenAfter completing another ascending wave at 113.40 and then returning to 113.80, USDJPY is still consolidating around the latter level. Today, the pair may expand the range down to 113.30 and then grow to return to 113.80. If later the price breaks this range to the downside, the market may start a new decline with the first target at 112.90.USDCHF, US Dollar vs Swiss…

You may also like

Leave a reply

Your email address will not be published.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

More in Latest News