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Forex Technical Analysis&Forecast 29.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD is trading to return to 1.1425. Today, the pair may reach this level and then and then resume trading inside the downtrend with the target at 1.1302. Later, the market may form a new ascending structure towards 1.1361 and then start another decline to reach the short-term target of the third descending wave is at 1.1230.

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 is moving upwards to reach 1.2857. Later, the market may resume falling towards 1.2721 and then grow to return to 1.2857. After that, the instrument may resume trading inside the downtrend with the short-term target of the third descending wave at 1.2615.

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

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached 0.9970. Possibly, today the price may consolidate at the current levels. After the instrument breaks this pattern to the upside, the pair may resume trading inside the uptrend towards 1.0040 and then form a new descending structure to reach 0.9972. Later, the market may move upwards to reach the short-term target of the third ascending wave at 1.0106.

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 Triangle pattern downwards and returned to the broken border. Today, the pair may continue falling towards 111.11 and then start another growth to return to 111.78. After that, the instrument may resume trading inside the downtrend to reach the short-term target of the third descending wave at 110.72.

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 returned to the center of the consolidation range. Today, the pair may move downwards to reach 0.7030 and then grow towards 0.7070. Later, the market may resume trading inside the downtrend 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 growing towards the upside border of the Triangle pattern. Possibly, today the price may reach 66.15 and then resume falling towards 64.89.

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 reached another upside target. Possibly, today the pair may be corrected with the target at 1224.54. Later, the market may resume trading inside the uptrend to reach the short-term target of the third ascending wave at 1262.50.

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

 

BRENT

Brent is forming the second ascending impulse. Possibly, the price may form a new descending structure towards 77.15 and then start another growth with the short-term target at 78.73. Later, the market may resume falling towards 77.15 and then move upwards to reach 78.96. After that, the instrument may start another decline towards the target of the first descending wave at 74.98.

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


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