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Forex Technical Analysis & Forecast 23.04.2021

EURUSD, “Euro vs US Dollar”

After completing the correction and starting a new descending wave, EURUSD has finished its first structure at 1.1993. Possibly, today, the pair may start another growth towards 1.2038 and then resume falling to break 1.1970. Later, the market may continue trading downwards with the short-term target at 1.1875.

Forex Technical Analysis & Forecast 23.04.2021 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 finishing the descending wave at 1.3857, GBPUSD is consolidating below it. Today, the pair may break the range to the downside and continue trading downwards with the short-term target at 1.3769.

Forex Technical Analysis & Forecast 23.04.2021 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 75.20. Later, the market may correct to reach 76.15 and then form a new descending structure with the target at 75.15.

Forex Technical Analysis & Forecast 23.04.2021 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 expand the range down to 107.72 and then form one more ascending structure towards 108.30. Later, the market may break the latter level and continue growing with the first target at 108.80.

Forex Technical Analysis & Forecast 23.04.2021 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 completing the correction at 0.9144, USDCHF is expected to grow and break 0.9210. Later, the market may continue growing with the short-term target at 0.9280.

Forex Technical Analysis & Forecast 23.04.2021 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 without any particular direction. Possibly, the pair may break the range to the downside and resume trading downwards with the short-term target at 0.7600. The key downside target is at 0.7450.

Forex Technical Analysis & Forecast 23.04.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent continues growing towards 66.00 and may later correct to reach 65.00. After that, the instrument may start a new growth with the target at 68.18.

Forex Technical Analysis & Forecast 23.04.2021 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 still correcting towards 1760.00. After finishing the correction, the instrument is expected to form one more ascending structure to break 1800.00. After that, the instrument may continue trading upwards with the target at 1840.00 or even reach 1900.00.

Forex Technical Analysis & Forecast 23.04.2021 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 still correcting towards 4105.3. Later, the market may form one more ascending structure with the target at 4277.7 and then start a new correction to reach 4000.0.

Forex Technical Analysis & Forecast 23.04.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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