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Forex Technical Analysis&Forecast 31.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD is moving downwards. Today, the pair may reach 1.1323 and then grow towards 1.1370. After that, the instrument may start another decline to reach 1.1276. The short-term target of this structure is at 1.1220.

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 still forming the third descending wave. Possibly, today the pair may reach 1.2655 and then form a new ascending structure towards 1.2777. Later, the market may resume trading inside the downtrend with the short-term target at 1.2477.

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 is still growing. Possibly, the price may consolidate and test 1.0000 from above. According to the main scenario, the pair may continue trading inside the uptrend to break 1.0044. The next target is at 1.0120.  

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 is still moving upwards; it has almost formed the Divergent Triangle pattern and tested its upside border. Possibly, today the price may form a new consolidation range below 113.30. The instrument is expected to start a new descending structure towards 111.31. The first target is at 112.31.

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 is still consolidating around 0.7087. Today, the pair may form a new ascending structure towards the upside border at 0.7155 and then resume trading inside the downtrend to reach the key target of this wave 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 still trading in the center of the consolidation range around 65.55 without any particular direction. Possibly, the price may grow to reach the upside border at 66.36 and then resume falling with the short-term target at 63.90.

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 rebounded from 1235.50 and resumed falling. Possibly, the pair may continue the correction towards 1206.04. After that, the instrument may resume trading inside the uptrend towards 1252.30.

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

 

BRENT

Brent has completed the descending structure at 76.55 and right now is consolidating around this level. Possibly, the price may break the range to the downside to reach 74.95 and then start another growth to return to 77.40. The market is expected to start a new correction towards 80.37 and then resume falling with the first target at 73.60.

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


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