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Forex Technical Analysis & Forecast 22.04.2021

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.

Forex Technical Analysis & Forecast 22.04.2021 EURUSD
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 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.

Forex Technical Analysis & Forecast 22.04.2021 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Forex Technical Analysis & Forecast 22.04.2021 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 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.

Forex Technical Analysis & Forecast 22.04.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

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.

Forex Technical Analysis & Forecast 22.04.2021 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 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.

Forex Technical Analysis & Forecast 22.04.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has finished the 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.

Forex Technical Analysis & Forecast 22.04.2021 мBRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Forex Technical Analysis & Forecast 22.04.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Forex Technical Analysis & Forecast 22.04.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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