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Forex Technical Analysis & Forecast 17.09.2021

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 1.1753, EURUSD is consolidating around 1.1761. If later the price breaks this range to the upside, the market may start a new correction towards 1.1800; if to the downside – resume trading within the downtrend with the target at 1.1670.

Forex Technical Analysis & Forecast 17.09.2021 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”

GBPUSD is still consolidating around 1.3791. Possibly, today the pair may expand the range up to 1.3812 and then resume falling towards 1.3750 or even reach the short-term target at 1.3737.

Forex Technical Analysis & Forecast 17.09.2021 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 has completed another descending structure at 72.38. Today, the pair may test 72.77 from below and then form a new descending structure to reach 72.25. Later, the market may break this level and continue trading within the downtrend with the target at 72.00.

Forex Technical Analysis & Forecast 17.09.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After finishing the correction at 109.89, USDJPY is expected to fall and break 109.36. After that, the instrument may continue trading downwards with the first target at 108.85.

Forex Technical Analysis & Forecast 17.09.2021 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 ascending wave at 0.9260, USDCHF is consolidating around this level. Possibly, today the pair may expand the range down and up to 0.9242 and 0.9298 respectively. If later the price breaks this range to the downside, the market may start a new correction towards 0.9230; if to the upside – resume trading within the uptrend with the target at 0.9350.

Forex Technical Analysis & Forecast 17.09.2021 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

After reaching the short-term downside target at 0.7281, AUDUSD is correcting towards 0.7324. Later, the market may continue falling with the target at 0.7242.

Forex Technical Analysis & Forecast 17.09.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is still consolidating around 75.30. Today, the asset may fall to reach 74.30 and then start a new growth with the target at 77.91.

Forex Technical Analysis & Forecast 17.09.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After breaking 1780.80, Gold has completed the descending wave at 1750.00. Possibly, today the metal may form one more ascending structure towards 1765.00. Later, the market may fall to reach 1758.40 and then resume trading upwards with the target at 1771.45.

Forex Technical Analysis & Forecast 17.09.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After forming a new consolidation range above 4462.4, the S&P index is expected to expand this range up to 4492.8. After that, the instrument may form a new descending structure to break 4440.0 and then continue falling with the short-term target at 4425.0.

Forex Technical Analysis & Forecast 17.09.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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