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Forex Technical Analysis 29.10.2019 (USDJPY, BRENT, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1097. Today, the pair may fall towards 1.1057 and then start a new correction to reach 1.1082. After that, the instrument may continue trading inside the downtrend with the first target at 1.1033.

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 around 1.2840. Possibly, today the pair may reach 1.2770. After that, the instrument may form one more ascending structure to return to 1.2840 and then resume trading downwards with the first target at 1.2700.

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 0.9950. Today, the pair may reach 0.9933 and then start a new growth towards 0.9800. Later, the market may form a new descending correction with the target at 0.9910.

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 reached 109.50. Possibly, the pair may start another correction towards 108.50. Later, the market may resume trading inside the uptrend with the target at 109.35.

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 broken the consolidation range upwards. Possibly, the pair may choose an alternative scenario to extend the correction towards 0.6856. According to the main scenario, the price is expected to continue trading downwards with the first target at 0.6790.

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 has completed the descending structure at 63.55. Today, the pair may start another correction towards 63.87 and then resume trading inside the downtrend with the 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 moving downwards; it has reached another target at 1.3049. Possibly, today the pair may start a new correction towards 1.3080 and then form a new descending structure with the target at 1.3036.

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

XAUUSD, “Gold vs US Dollar”

Gold is forming another descending wave. Today, the pair may correct towards 1498.90 and then continue trading inside the downtrend with the first target at 1479.30.

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

BRENT

Brent is correcting towards 61.00. After that, the instrument may resume growing to break 62.40 and then continue trading upwards with the predicted target at 64.00.

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 correction towards 9170.00, BTCUSD is growing to break 9970.00. Later, the market may continue moving upwards with the target at 10722.00 and then start a new correction to return to 9970.00. After that, the instrument may form one more ascending structure with the target at 11100.00.

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


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