Forex Technical Analysis & Forecast 20.01.2023

20.01.2023

EURUSD, “Euro vs US Dollar”

The currency pair has demonstrated a link of growth to 1.0842. This structure is iinterpreted as a correction of the previous structure of decline. Today a new link of decline to 1.0765 is beginning. The goal is first. Then a correction to 1.0830 and a wave of decline to 1.0690 should follow. The goal is local.

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”

The currency pair has completed a link of decline to 1.2312. A correction to 1.2390 has also happened. At the moment, the market is forming a consolidation range under this level. An escape downwards to 1.2260 is expected. And with a breakaway of this level as well, a pathway to 1.2121 will open. The goal is local.

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

USDJPY, “US Dollar vs Japanese Yen”

The currency pair is forming a consolidation range around 130.00. An escape downwards and extension of the wave to 125.50 are expected. Then a wave of growth to 135.00 might begin.

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

USDCHF, “US Dollar vs Swiss Franc”

The currency pair has demonstrated a link of decline to 0.9147. Today a link of growth to 0.9191 should follow. Then a link of decline to 0.9130 is not excluded, followed by wave extension to 0.9270.

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

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6872. Today the market is forming a correction to 0.6960. After it is over, a wave of of decline to 0.6780 should start. The goal is local.

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

BRENT

Brent has corrected to 84.00. Today a link of growth to 88.00 is forming. After this level is reached, a correction to 83.00 might begin, followed by growth to 93.00.

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

XAUUSD, “Gold vs US Dollar”

Gold is forming a wide consolidation range around 1915.15. Now it has extended to 1935.00. Today a link of decline to 1915.15 is expected. And with a breakaway of this level downwards, the structure of growth might continue to 1895.25.

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

S&P 500

The stock index continues forming a consolidation range under 3925.0. An escape downwards to 3830.0 is expected. The goal is first. After this level is reached, a link of correction to 3925.0 is not excluded (a test from below).

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.