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Forex Technical Analysis&Forecast 22.11.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD has completed the descending impulse (considered as the “Flagpole”) along with the correction (considered as the “Flag”) and broken the pattern to the downside. Possibly, today the price may form one more ascending structure towards 1.1405 and then resume falling to reach 1.1344. And that’s just a half of this descending wave. The short-term first target is at 1.1277.

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 consolidating to break 1.2794 to the downside. Today, the pair may fall with the short-term target at 1.2710 and then start another growth to return to 1.2794. Later, the market may resume falling to reach 1.2655.

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 consolidating around 0.9945. If later the instrument breaks this range to the upside, the price may reach 0.9977; if to the downside – form a new descending structure towards 0.9888 and then resume trading inside the downtrend with the first target at 1.0007.

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 completed the first ascending structure. Possibly, today the price may start a new decline towards 112.70 and then grow to complete the correction at 113.40.

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 finished the descending impulse along with the correction. Today, the pair may fall to break 0.7188 and then continue trading inside the downtrend with the short-term target at 0.7100.

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 above 65.75. Possibly, today the price may form a new descending structure towards 65.37 and then resume growing to reach 65.76. If later the instrument breaks this range to the downside, the price may continue falling inside the downtrend with the short-term target at 63.43; if to the upside – start a new correction towards 66.50 and then resume trading downwards.

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

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1224.76. Today, the price may reach 1219.42 and then start another growth to return to 1224.76. After that, the instrument may resume falling with the first target at 1210.33. 

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

BRENT

Brent is consolidating above 62.60. If later the instrument breaks this range and 64.44 to the upside, the price may start a new growth to reach the first target at 68.88; if to the downside – resume trading inside the downtrend towards 60.60 and then form one more ascending structure to reach the above-mentioned target.

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


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