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Forex Technical Analysis & Forecast 21.04.2021

EURUSD, “Euro vs US Dollar”

After completing the ascending wave at 1.2077 along with the descending impulse towards 1.2010, EURUSD is consolidating below the latter level. Today, the pair may start another correction to reach 1.2048 and then resume trading downwards with the short-term target at 1.1982.

Forex Technical Analysis & Forecast 21.04.2021EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

After finishing the ascending wave at 1.4010 along with the descending impulse towards 1.3926, GBPUSD is expected to correct and reach 1.3965. After that, the instrument may resume trading downwards with the short-term target at 1.3834.

Forex Technical Analysis & Forecast 21.04.2021GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

After completing the ascending wave at 76.74, USDRUB is forming a new consolidation range around this level. Possibly, the pair may break this range to the downside and form a new descending structure with the first target at 75.94.

Forex Technical Analysis & Forecast 21.04.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.20. Possibly, the pair may break the range to the upside and form one more ascending structure with the target at 108.80. Later, the market may resume falling to reach 108.30 and then start another growth towards 109.77.

Forex Technical Analysis & Forecast 21.04.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming a new ascending impulse to reach 0.9176. Later, the market may correct towards 0.9152 and then resume growing with the target at 0.9285.

Forex Technical Analysis & Forecast 21.04.2021 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correction at 0.7815. Possibly, today the pair may fall to break 0.7675 and then continue trading downwards with the target at 0.7537.

Forex Technical Analysis & Forecast 21.04.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has finished the ascending wave at 67.40; right now, it is correcting towards 64.80. After that, the instrument may start a new growth to return to 67.40 or even continue trading upwards with the target at 70.00.

Forex Technical Analysis & Forecast 21.04.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is growing towards 1800.00 and may later correct to test 1762.16 from above. After that, the instrument may resume trading upwards with the target at 1840.00.

Forex Technical Analysis & Forecast 21.04.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After reaching the short-term target at 4191.3, the S&P index is correcting towards 4105.3. Later, the market may form one more ascending structure with the target at 4277.7.

Forex Technical Analysis & Forecast 21.04.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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