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Forex Technical Analysis & Forecast 29.09.2021

EURUSD, “Euro vs US Dollar”

After completing another descending structure at 1.1674, EURUSD is forming a new consolidation range around 1.1680. Possibly, today the pair may break the range to the downside and start a new decline with the short-term target at 1.1660. Later, the market may break this level and continue falling towards 1.1600.

Forex Technical Analysis & Forecast 29.09.2021 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”

After finishing the descending wave at 1.3600 and breaking this level to the downside, GBPUSD has reached 1.3540; right now, it is consolidating around the latter level and may yet resume trading downwards. If later the price breaks this range to the upside, the market may correct to test 1.3600 from below; if to the downside – start a new decline with the short-term target at 1.3460.

Forex Technical Analysis & Forecast 29.09.2021 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 the correction at 73.00. Today, the pair may start another decline to break 72.30 and then continue trading downwards with the target at 72.00.

Forex Technical Analysis & Forecast 29.09.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has expanded its range up to 111.50. Possibly, today the pair may fall to reach 109.90 and then form one more ascending structure to test 111.25 from below.

Forex Technical Analysis & Forecast 29.09.2021 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues growing with the short-term target at 0.9305. Later, the market may start a new correction to reach 0.9263.

Forex Technical Analysis & Forecast 29.09.2021 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the descending structure at 0.7225; right now, it is consolidating there. If later the price breaks this range to the upside, the market may correct towards 0.7259; if to the downside – resume trading within the downtrend with the target at 0.7208.

Forex Technical Analysis & Forecast 29.09.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has completed the correctional structure at 77.70 and may form a new consolidation range there. Possibly, the asset may extend this structure down to 77.25 and then form one more ascending structure with the target at 81.20.

Forex Technical Analysis & Forecast 29.09.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has finished the descending structure at 1729.50 and may form a new consolidation range there. Possibly, the metal may correct to reach 1744.33 and then resume moving downwards with the target at 1726.40.

Forex Technical Analysis & Forecast 29.09.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After breaking 4407.7 and then reaching the short-term downside target at 4359.0, the S&P index is expected to correct and test 4407.0 from below. Later, the market may form a new descending structure towards 4333.3.

Forex Technical Analysis & Forecast 29.09.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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