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Forex Technical Analysis&Forecast 11.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD has broken the consolidation range upwards and right now is forming the first ascending structure with the target at 1.1590. After that, the instrument resume trading inside the downtrend towards 1.1511.

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 broken the consolidation range upwards and reached the first upside target. Possibly, today the price may start another descending structure with the target at 1.3135.

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

 

USDCHF, “US Dollar vs Swiss Franc”

After breaking 0.9900 downwards, USDCHF has started a new correctional wave and reached the short-term target at 0.9857. Possibly, the pair may start another ascending wave to return to 0.9900 and then resume falling with the first target at 0.9842. Later, the market may be corrected to reach 0.9900 again.

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

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the consolidation range downwards and expanded the third structure towards 112.00. Today, the pair may be corrected with the target at 113.10. After that, the instrument may start the fifth structure to reach 111.66.

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

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has formed the consolidation range near the lows; it has rebounded from 0.7130 and right now is moving downwards to reach 0.7020. Later, the market may resume growing towards 0.7074 and then start another decline with the target at 0.7000.

AUDUSD
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 consolidating. Possibly, today the pair may grow towards 67.10 and then fall with the target at 66.60. Later, the market may resume growing to reach 68.10 and then start another decline towards 65.35.

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

 

XAUUSD, “Gold vs US Dollar”

Gold has finished the ascending structure at 1194.00. Today, the pair may form a new descending wave to reach 1181.40 and then start another correction towards 1187.80. After that, the instrument may resume trading inside the downtrend with the target at 1178.00.

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

 

BRENT

Brent is forming the third descending wave; right now, it is consolidating around 82.26. According to the main scenario, the pair may break the range to the downside and continue the third wave with the target at 78.82. Later, the market may start another growth to return to 82.26.

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


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