Forex Technical Analysis & Forecast 06.01.2022

06.01.2022

EURUSD, “Euro vs US Dollar”

After forming a new consolidation range around 1.1300 and breaking it to the upside, EURUSD has reached the short-term target at 1.1345; right now, it is falling to test 1.1300 from above. Later, the market may form one more ascending structure towards 1.1351 and then resume trading downwards to break 1.1300. After that, the instrument may continue falling with the target at 1.1252.

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 has finished the ascending wave at 1.3597; right now, it is falling towards 1.3501. After that, the instrument may correct to reach 1.3545 and then start another decline with the target at 1.3440.

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

USDRUB, “US Dollar vs Russian Ruble”

After forming a new consolidation range around 74.90 and breaking it to the upside, USDRUB is expected to continue growing towards 76.84. Later, the market may return to break 74.90 and then continue trading downwards with the first target at 74.01.

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 completing the descending wave at 115.62 along with the correction towards 116.16, USDJPY has rebounded from the latter level; right now, it is trading downwards. Possibly, the pair may break 115.62 and then continue falling with the short-term target at 115.08.

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 0.9164. Today, the pair may expand the range up to 0.9191 and then form a new descending structure to reach 0.9129. Later, the market may resume trading upwards with the first target at 0.9212.

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 still falling; it has already broken 0.7178. Possibly, the pair may continue trading downwards with the first target at 0.7106.

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

BRENT

Brent has reached 81.55; right now, it is consolidating around 79.00. If later the price breaks this range to the downside, the market may correct towards 75.00; if to the upside – resume growing with the short-term target at 84.24.

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 completed the ascending wave at 1829.30; right now, it is falling towards 1795.15. Later, the market may form one more ascending structure with the short-term target at 1838.13.

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

S&P 500

After breaking the consolidation range to the downside and reaching 4690.7, the S&P index is expected to form a new consolidation range around this level. Later, the market may form one more ascending wave with the target at 4845.7.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.