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Daily Forex Technical Outlook - 27 Oct 2021

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What Are Today's Best Chart Setups?

Check out our full article to see the best trading technical setups for major forex pairs today!

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AUDUSD

1D Chart
Price is still holding the daily support region around 0.74780 figure. We want to see the swing high broken, but the previous two days have closed bullish - a promising sign.

1H Chart
Price is now forming higher highs and lows on the 1H chart, and we anticipate the upside momentum to continue slowly.

EURUSD

1D Chart
Price has formed a new daily swing low and closed bearish. We are still bearish after price has broken range support.

1H Chart
Price has performed a deep retest of the 1.1620 previous range support, and is now pressing to the downside. We anticipate this move to continue into the 1.1500's.

GBPUSD

1D Chart
GBPUSD is holding support at the trendline and previous structure. We still anticipate upside from this level. Yesterday closed bearish, however printed a higher high and higher low than the previous day.

1H Chart
Price has formed a break and retest pattern of the corrective wedge, and is still holding trendline support. We are still anticipating upside into the 1.3900 level.

USDCHF

1H Chart
USDCHF Performed the retest we were looking for yesterday into the green fibo zone. We are now looking for a retest of the 1H candle structure.

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