Technical Analytics Report

Daily Analysis Report 11 Jan '2022

Today’s forecast for EUR/AUD:

Let’s have a look at the chart over the last four hours. The Tenkan-sen line is higher than the Kijun-sen line, the red line points downwards, and the blue line is horizontal. The Chikou Span confirmation line is above the price chart, and the present cloud increases. Between the Tenkan-sen and Kijun-sen lines, the instrument trades. One preceding Chikou Span line minimums is likely to act as a support level (1.5881). The Kijun-sen line is the closest level of resistance (1.5728).

The Tenkan-sen line is below Kijun-sen on the daily chart, the blue line points downwards, and the red line remains horizontal. The Chikou Span confirmation line is below the price chart, and the present cloud increases. The gadget has made its way into the cloud. One preceding Chikou Span line minimums is likely to act as a support level (1.5891). The Tenkan-sen line is the closest degree of resistance (1.5724).

The instrument is still increasing on the four-hour chart. The tool is trading within the cloud on the daily chart. It is recommended to begin long trades at current prices with a Take Profit at the Chikou Span (1.5881) line’s previous maximum and a Stop Loss at the Kijun-sen line’s previous minimum (1.5728).

EURAUD 11 JAN

Today’s forecast for GBP/CAD:

Let’s have a look at the chart over the last four hours. The Tenkan-sen line is below the Kijun-sen line, the red line is downwards, and the blue line is horizontal. From above, the confirmation line Chikou Span crosses the price chart, and the present cloud is increasing. Between the Tenkan-sen and Kijun-sen lines, the instrument trades. One preceding Chikou Span line minimums is likely to act as a support level (1.7297). The Tenkan-sen line is the closest degree of resistance (1.7144).

The Tenkan-sen line lies above the Kijun-sen line on the daily chart, and the lines are horizontal. The Chikou Span confirmation line is above the price chart, and the present cloud increases. The Tenkan-sen line has been rectified on the instrument. One preceding Chikou Span line minimums is likely to act as a support level (1.7304). The cloud’s lower border is the closest resistance level (1.7141).

It is suggested that long positions be opened at the current price with a Take Profit at the previous maximum of the Chikou Span (1.7297) line and a Stop Loss at the Kijun-sen line (1.7144).

GBPCAD 11 JAN

Today’s forecast for USD/JPY:

The third wave of the upper level 3 of (1) is developing on the daily chart, within which the first wave of the lower level I of 3 formed, a correction developed as the second wave ii of 3, and the third wave iii of 3 is growing. The third wave of the lower level (iii) of iii has formed, the wave (iv) of iii has terminated, and the fifth wave (v) of iii is emerging. The pair will rise to 118.00–120.60 if the assumption is correct. The critical stop loss level in this situation is 113.10.

The primary scenario

During the downturn, long positions will become significant above the level of 113.10, with targets of 118.00–120.60. Time to implement: 7 days or more.

 The Alternative scenario

The pair will drop to the levels of 110.77–109.09 if the price breaks down and consolidates below 113.10.

USDJPY 11 JAN