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27.01.202114:09 Forex Analysis & Reviews: Analysis of major currency for January 27, 2021

Forecast for January 27.

Analysis of currency pairs. Time frame - one-hour chart:

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the euro/dollar pair are 1.2244, 1.2215, 1.2202, 1.2180, 1.2146, 1.2123, and 1.2099. We are monitoring the upward structure formed on January 18. If the pair breaks the level of 1.2180, it will go on advancing. The target is 1.2202. The price may consolidate within the range of 1.2202-1.2215. The potential level of the upward movement is 1.2244. The pair is likely to consolidate after reaching the mentioned level. After that, it may drop.

The price may also fluctuate between the levels of 1.2146-1.2123. If it breaks the 1.2123 level, it may slump. In this case, the target is 1.2099. It is the key support level. If the euro/dollar pair breaks this level, it will surely lose in value. The target is 1.2053.

The main tendency is the upward structure that began on January 18.

Trading recommendations:

Buy: 1.2180 Take profit: 1.2202

Buy: 1.2215 Take profit: 1.2244

Sell: 1.2122 Take profit: 1.2100

Sell: 1.2097 Take profit: 1.2057

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the pound/dollar pair are 1.3889, 1.3852, 1.3792, 1.3756, 1.3698, 1.3668, 1.3619, and 1.3521. We are monitoring the upward structure from January 11. A short-term rise is possible within the range of 1.3756-1.3792. Consolidation and a break of 1.3792 will lead to a confident jump towards 1.3852. The potential upward target is 1.3889. The pair is likely to consolidate after reaching it. After that, it may slide.

A short-term downward movement may take place in the range of 1.3698-1.3668. The break of the lower limit will push the pair towards 1.3619, the key support level.

The main tendency is the upward structure from January 11.

Trading recommendations:

Buy: 1.3756 Take profit: 1.3790

Buy: 1.3793 Take profit: 1.3851

Sell: 1.3698 Take profit: 1.3669

Sell: 1.3666 Take profit: 1.3620

Exchange Rates 27.01.2021 analysis

On the four-hour chart, the key levels for the dollar/franc pair are 0.9070, 0.9042. 0.8982, 0.8957, 0.8921, 0.8858, 0.8817, and 0.8756. At the moment, the price is near the levels logged on January 6. If it breaks the level of 0.8921, it will continue gaining in value. The target is 0.8957. If the price passes the range of 0.8957-0.8982, it will start climbing towards the level of 0.9042. The potential target is 0.9070. The pair is likely to consolidate after reaching it. After that, it may slide.

A short-term drop is possible in the range of 0.8858-0.8817. There, the pair may reverse. If the price breaks the level of 0.8817, it may decline towards 0.8756.

The main tendency is the upward structure from January 6.

Trading recommendations:

Buy: 0.8921 Take profit: 0.8957

Buy: 0.8982 Take profit: 0.9040

Sell: 0.8858 Take profit: 0.8820

Sell: 0.8815 Take profit: 0.8757

Exchange Rates 27.01.2021 analysis

The key levels for the dollar/yen pair are104.34, 104.12, 103.92, 103.68, 103.56, 103.48, 103.34, 103.22, 103.02, and 102.89. We are monitoring the formation of the structure that began on January 21. The pair is likely to go on rising after breaking the level of 103.92. The first target is located at 104.12. The pair may consolidate near this level. The potential target is 104.34. The pair may slide after hitting this level.

A short-term downward movement may take place in the range of 103.68-103.56. If the pair passes the channel of 103.56-103.48, it may drop even lower towards the level of 103.34. The pair may also continue declining within the range of 103.34-103.22.

The main tendency is the downward structure from January 11.

Trading recommendations:

Buy: 103.92 Take profit: 104.10

Buy: 104.13 Take profit: 104.34

Sell: 103.66 Take profit: 103.56

Sell: 103.46 Take profit: 103.34

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the USD/CAD pair are 1.2919, 1.2891, 1.2851, 1.2810, 1.2792, 1.2744, 1.2714, and 1.2685. We are monitoring the upward structure that began on January 21. The pair will continue gaining in value after breaking the range of 1.2792-1.2810. The target is 1.2851. The break of 1.2851 will push the pair towards 1.2891. The potential target is 1.2919. The pair may slide after hitting this level.

The price may consolidate in the range of 1.2744-1.2714. A break of the lower limit may push the price to 1.2685, the key support level. If the pair passes this level, it will decrease even deeper.

The main tendency is the upward structure from January 21.

Trading recommendations:

Buy: 1.2810 Take profit: 1.2850

Buy: 1.2853 Take profit: 1.2890

Sell: 1.2743 Take profit: 1.2715

Sell: 1.2712 Take profit: 1.2686

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the AUD/USD pair are 0.7851, 0.7823, 0.7790, 0.7758, 0.7723, 0.7704, 0.7675, 0.7644, 0.7619, 0.7598, and 0.7581. We are monitoring the development of the downward structure that began on January 21. A short-term downward movement is possible in the range of 0.7723-0.7704. A break of the lower limit will result in a drop towards 0.7675. If the pair breaks this level, it may slide even deeper to 0.7644. It may also show a short-term decline within the range of 0.7644-0.7619. The potential target is 0.7581. After reaching this level, the price may bounce.

A break of 0.7758 will stop the formation of the downward structure from January 21. The first target is 0.7790, the key resistance level for the uptrend on the one-hour chart. If the pair breaks it, it may jump to 0.7851. After that, it may decline.

The main tendency is the downward structure from January 21.

Trading recommendations:

Buy: 0.7758 Take profit: 0.7790

Buy: 0.7792 Take profit: 0.7820

Sell: 0.7704 Take profit: 0.7677

Sell: 0.7673 Take profit: 0.7645

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the euro/yen pair are 127.01, 126.85. 126.57, 126.44, 126.16, 126.02, 125.73. 125.59, and 125.45. We are monitoring the development of the upward structure that began on January 18. The price has entered the correctional phase. A short-term rise is possible in the range of 126.02-126.16. A break of the upper limit will result in a jump towards 126.44. The pair will show a short-term rise in the range of 126.44-126.57. If it breaks the level of 126.57, it will have a chance to reach 126.85. The potential level is 127.01. The pair may drop after reaching it.

A short-term drop may take place in the range of 125.73-125.59. A break of the lower limit will lead the pair to 125.45, the key support level.

The main tendency is the upward structure from January 18.

Trading recommendations:

Buy: 126.02 Take profit: 126.14

Buy: 126.17 Take profit: 126.44

Sell: 125.73 Take profit: 125.60

Sell: 125.57 Take profit: 125.47

Exchange Rates 27.01.2021 analysis

On the one-hour chart, the key levels for the pound/yen pair are143.62, 143.19, 142.75, 142.56, 142.24, 141.90, and 141.37. We are monitoring the development of the upward structure that began on January 18. If the pair passes the range of 142.56-142.75, it may continue rising towards 143.19. The potential level is 143.62. The pair may drop after reaching it.

A short-term decline is possible in the range of 142.24-141.90. A break of the lower limit will lead to a slump towards 141.37, the key support level.

The main tendency is the upward structure from January 18.

Trading recommendations:

Buy: 142.75 Take profit: 143.17

Buy: 143.20 Take profit: 143.61

Sell: 142.24 Take profit: 141.90

Sell: 141.88 Take profit: 141.40

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Daichi Takahashi,
Especialista em análise
do Grupo InstaForex © 2007-2021
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