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Forex Technical Analysis 02.10.2019 (EURUSD, USDCAD, GOLD)

EURUSD, “Euro vs US Dollar”

After finishing the correction at 1.0940, EURUSD is consolidating near the highs. Possibly, the pair may expand the range towards 1.0943 and then form a new descending structure to reach 1.0924. Later, the market may break the range to the downside and continue trading inside the downtrend with the target at 1.0907.

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”

After reaching the downside target at 1.2205, GBPUSD has completed the correction towards 1.2330. Possibly, today the pair may fall to break 1.2250 and then continue trading downwards with the target at 1.2182.

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 reaching the upside target at 1.0000, USDCHF has completed the quick descending correction towards 0.9925; right now, it is consolidating near the lows. According to the main scenario, the price is expected to break this range to the upside and grow with the target at 0.9995.

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

USDJPY, “US Dollar vs Japanese Yen”

After reaching 108.40, USDJPY has formed the quick descending correction towards 107.70; right now, it is consolidating near the lows. The main scenario implies that the price may continue moving upwards. Today, the pair may reach the target at 108.25.

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 moving upwards to reach 0.6727. After that, the instrument may start another decline towards 0.6699 and then form one more ascending structure with the target at 0.6755.

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 correcting upwards. Possibly, the pair may reach 65.45 and then resume trading downwards with the target at 64.50.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD has completed another descending wave at 1.3200 to finish Flag correctional pattern; right now, it is consolidating around 1.3216. If later the price breaks this range to the upside at 1.3228, the instrument may start a new growth with the target at 1.3300; if to the downside at 1.3200 – continue the correction towards 1.3180 (an alternative scenario).

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

XAUUSD, “Gold vs US Dollar”

After reaching the downside target at 1463.55, Gold has already formed two ascending impulses. Possibly, today the pair may start another correction to each 1469.50 and then continue trading upwards with the target at 1496.00.

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

BRENT

Brent is still moving downwards. Today, the pair may grow to reach 60.46 and then form a new descending structure towards 58.35. Later, the market may start another growth with the first target at 64.50.

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

BTCUSD, “Bitcoin vs US Dollar”

After expanding the range towards 8500.00, BTCUSD is falling to break 8150.00. Later, the market may continue the downtrend towards 7825.00.

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


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