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Forex Technical Analysis Forecast for February 2022

EURUSD, Euro vs US DollarAs we can see in the daily chart, EURUSD is forming the structure of the ascending wave with the first target at 1.1313. Later, the market may correct towards 1.1220 and then resume trading upwards to break 1.1420. After that, the instrument may continue growing with the shortterm target at 1.1600.GBPUSD, Great Britain Pound vs US DollarIn the daily chart, GBPUSD is falling with the target at 1.3350. After that, the instrument may correct towards 1.3555 and then start another decline with the shortterm target at 1.3140.USDRUB, US Dollar vs Russian RubleAs we can see in the daily chart, USDRUB is trading downwards to reach 76.33. After that, the instrument may correct towards 78.00. Later, the market may form a new descending wave to reach 74.90 or even extend this wave down to 73.22.USDJPY, US Dollar vs Japanese YenIn the daily chart, USDJPY has finished the correction at 115.66. Possibly, the pair may start a new decline to break 114.20 and then continue trading downwards with the shortterm target is at 112.70.BRENTAs we can see in the daily chart, Brent has broken 85.00 to the upside; right now, it is still growing towards 93.00. Later, the market may start another correction to test 85.00 from above and then resume trading upwards with the target at 100.00.XAUUSD, Gold vs US DollarIn the daily chart, after finishing the correctional wave at 1782.00, Gold is expected to grow towards 1840.00. After breaking this level, the instrument may form one…

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