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Forex Technical Analysis & Forecast 18.01.2022

18 january 2022 - Fx4News

EURUSD, “Euro vs US Dollar”

Having finished the correctional wave at 1.1380, EURUSD is expected to form one more ascending structure to break 1.1435 and then continue trading upwards with the target at 1.1495.

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 completed the correctional wave at 1.3620. Possibly, today the pair may resume growing to break 1.3678 and then continue trading upwards with the target at 1.3752.

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 is falling towards 75.59 and may later start another correction to reach 76.26. After that, the instrument may resume trading downwards with the short-term target at 74.40.

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

USDJPY, “US Dollar vs Japanese Yen”

Having completed the ascending wave at 114.48 and formed a new consolidation range around this level, USDJPY has broken it to the upside and may later continue growing towards 115.44. After that, the instrument may start another correction with the target at 114.47.

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

USDCHF, “US Dollar vs Swiss Franc”

After rebounding from 0.9122, USDCHF is growing towards 0.9150. Today, the pair may break this level to the upside and then continue trading upwards with the target at 0.9180.

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 correcting towards 0.7174. Later, the market may resume trading upwards with the target at 0.7244.

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

BRENT

Brent continues growing towards 88.19. After that, the instrument may correct to reach 84.44 and then resume trading within the uptrend 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 is correcting and may soon reach 1812.24. Later, the market may start another growth to break 1828.78 and then continue trading upwards with the target at 1848.88.

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 structure at 4615.5, the S&P index is expected to test 4679.4 from below and may later start a new decline towards 4612.0. After that, the instrument may form one more ascending structure to break 4700.0 and then continue trading upwards with the target at 4808.2.

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

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