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Forex Technical Analysis 28.10.2019 (USDJPY, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the predicted target of the first descending wave at 1.1080; right now, it is consolidating. If later the price breaks this range to the upside, the market may start a new correction towards 1.1110; if to the downside – continue trading inside the downtrend to reach 1.1050.

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 continues falling. Possibly, today the pair may reach 1.2770. After that, the instrument may start another correction towards 1.2760 and then resume trading downwards with the target at 1.2666.

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 continues moving upwards. Today, the pair may reach 0.9961 and then start a new correction towards 0.950. Later, the market may form one more ascending structure with the target at 0.9980.

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 moving upwards; it has broken 108.64. Possibly, the pair may continue forming this ascending wave towards 109.06. Later, the market may start a new correction to reach 108.65 and then resume trading inside the uptrend with the target at 109.30.

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 forming the fifth descending structure. Today, the pair may reach 0.6787 and then start a new correction with the target at 0.6835.

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 forming another descending structure. Today, the pair may fall to reach 63.47 and then start another correction towards 63.83. After that, the instrument may resume trading inside the downtrend with the predicted target at 63.23.

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 consolidating around 1.3073 without any particular direction. Possibly, the pair may fall to reach 1.3044 and then form one more ascending structure towards 1.3077. Later, the market may start a new decline with the target at 1.3024.

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 reached the upside target; right now, it is moving downwards with the target at 1479.27. After that, the instrument may start a new correction towards 1496.70 and then continue trading inside the downtrend with the target at 1450.00.

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

BRENT

Brent is moving upwards. Possibly, the pair may break 61.90 and then continue growing to reach 63.70. Later, the market may start another correction towards 62.00 and then resume trading upwards with the target at 64.84.

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

BTCUSD, “Bitcoin vs US Dollar”

After completing the ascending impulse at 8200.00, BTCUSD has broken it upwards; right now, it is still moving upwards with the target at 10900.00. Possibly, the pair may reach 9960.00 and then form a new consolidation range around it. After that, the instrument may break the range upwards to reach the above-mentioned target.

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


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