Forex Technical Analysis & Forecast 22.04.2021

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After extending the descending impulse down to 1.1998 and then completing the correction at 1.2041, EURUSD is expected to start another decline to break 1.1970. Later, the market may continue trading downwards with the target at 1.1894.

GBPUSD, “Great Britain Pound vs US Dollar”

After extending the descending impulse down to 1.3886 and then finishing the correction at 1.3946, GBPUSD is expected to start another decline to break 1.3857. After that, the instrument may continue trading downwards with the target at 1.3769.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 75.94. Later, the market may correct to reach 76.47 and then form a new descending structure with the target at 75.15.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating above 107.90. Possibly, the pair may break the range to the upside and form one more ascending structure towards 108.31. Later, the market may break the later level as well and continue growing with the first target at 108.80.

USDCHF, “US Dollar vs Swiss Franc”

After extending the ascending impulse up to 0.9194 and then completing the correction at 0.9200, USDCHF is expected to test 0.9152 from above and then form one more ascending structure to reach 0.9210. Later, the market may break the latter level and continue growing with the short-term target at 0.9266.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7759. Possibly, today the pair may break the range to the downside and then resume trading downwards with the short-term target at 0.7600. The key downside target is at 0.7450.

BRENT

Brent has finished the correction at 64.35. Today, the asset is expected to consolidate around this level and break it to the upside. After that, the instrument may start a new growth to break 66.00 and then continue trading upwards with the target at 68.10.

XAUUSD, “Gold vs US Dollar”

After finishing the ascending wave at 1797.77, Gold is expected to correct and test 1760.60 from above. After that, the instrument may resume trading upwards with the target at 1841.70.

S&P 500

The S&P index is consolidating around 4152.6. Possibly, the asset may fall towards 4105.3 and then form one more ascending structure with the target at 4277.7.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.