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Forex Technical Analysis 14.10.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar”

After rebounding from 1.1000 and completing another ascending structure at 1.1062, EURUSD has finished one more descending impulse along with the correction; right now, it is forming the second descending impulse with the target at 1.0986. Later, the market may start a new growth to return to 1.1062.

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 finished another ascending structure; right now, it is forming the descending impulse with the target at 1.2477, which may be considered as a correction. After that, the instrument may continue trading upwards with the target at 1.2704.

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 another correctional structure to the downside to reach 0.9960. Possibly, today the pair may form another ascending wave to break 0.9982. After that, the instrument may continue trading upwards with the target at 1.0015.

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 forming the fifth ascending structure towards 108.87. Today, the pair may start a new correction to reach 107.82 and then resume trading towards 108.87 to complete this ascending wave. Later, the market may form a new descending structure with the first target at 106.50.

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 completed another ascending wave. Today, the pair may start a new correction to reach 0.6755 at least. Later, the market may form one more ascending structure with the target at 0.6840.

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 continues falling; it has formed a narrow consolidation range around 64.12. According to the main scenario, the price is expected to continue trading inside the downtrend with the predicted target at 63.00.

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 is still correcting. Possibly, today the pair may grow to reach 1.3257 and then form a new descending structure towards 1.3148. After that, the instrument may start another growth with the target at 1.3350.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed another descending wave at 1480.80; right now, it is consolidating around this level and this range may be considered as a downside continuation pattern. The predicted target is at 1459.33. An alternative scenario implies that the price may start a new correction towards 1495.36 and then resume trading inside the downtrend. The key target of this wave is at 1445.15.

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

BRENT

Brent is consolidating around 60.36. According to the main scenario, the price is expected to continue trading upwards with the predicted target at 62.70. After that, the instrument may start a new correction to reach 60.60 and then form one more ascending structure with the short-term target at 63.63.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is correcting. Possibly, the pair may form a new descending structure towards 8060.00. Later, the market may start another growth to reach 8850.00 and then continue trading inside the downtrend with the target at 8000.00.

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


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