Forex Technical Analysis & Forecast 12.01.2022

12.01.2022

EURUSD, “Euro vs US Dollar”

Having completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more ascending structure with the short-term target at 1.1414.

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 1.3560 and rebounding from this level, GBPUSD is still growing towards 1.3656. After that, the instrument may correct to reach 1.3600 and then start another growth with the target at 1.3680.

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 descending wave at 74.63. Possibly, today the pair may correct to reach 75.25 and then resume trading downwards with the short-term target at 73.45.

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 correctional wave at 115.60, USDJPY is falling towards 114.90. Later, the market may resume growing to return to 115.60.

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 correcting towards 0.9180. After that, the instrument may resume trading upwards with the short-term target at 0.9364.

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 growing towards 0.7229 and may later correct to reach 0.7190, thus forming a new consolidation range around the latter level. If the price breaks this range to the downside, the market may form a new descending structure towards 0.7080; if to the upside – resume growing with the target at 0.7316.

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

BRENT

Brent has completed the ascending structure at 84.08 and may later correct towards 82.90. After that, the instrument may form one more ascending structure to reach 85.00 and then start another correction towards 80.50. Later, the market may resume trading upwards with the target at 90.00.

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 1823.00. Possibly, today the metal may correct towards 1801.60 and then resume growing to reach 1812.33, a new consolidation range between these two levels. If the price breaks this range to the downside, the market may form a new descending structure towards 1780.20; if to the upside – start another growth with the target at 1831.60.

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

S&P 500

After finishing the ascending structure at 4698.9, the S&P index is forming a new consolidation range around this level. Possibly, the price may break this range to the upside and reach 4761.5. Later, the market may start a new correction to return to 4698.9 and then resume growing with the target at 4845.9.

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.