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Forex Technical Analysis & Forecast 02.12.2021

EURUSD, “Euro vs US Dollar”

After completing the correction at 1.1357, EURUSD is expected to form a new descending structure to break 1.1300. Later, the market may continue trading downwards with the target at 1.1115.

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 correction at 1.3343 and rebounding from this level to the downside, GBPUSD may continue falling with the target at 1.3168.

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 continues trading downwards to reach 73.22. After that, the instrument may correct towards 74.14 and then form a new descending structure with the target at 72.47.

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 growing to break 113.70. Later, the market may continue trading within the uptrend with the short-term target at 114.86.

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 consolidating around 0.9198. Possibly, today the pair may form one more ascending structure to break 0.9265 and then continue trading upwards with the target at 0.9333.

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 finished the descending wave at 0.7118; right now, it is consolidating around this level. Later, the market may break the range to the downside and resume trading downwards with the target at 0.7060.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After completing the ascending impulse at 74.22 along with the correction towards 68.60, Brent is expected to grow and return to 74.22. Later, the market may break this level and continue trading upwards with the short-term target at 80.80.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After forming a new consolidatio0n range around 1780.00 and breaking it to the downside, Gold is expected to continue falling with the target at 1763.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After completing the descending wave at 4503.0, the S&P index is correcting towards 4616.0. Later, the market may start another decline with the target at 4486.7 and then grow to return to 4616.0.

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


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