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Forex Technical Analysis 31.10.2019 (USDCHF, USDJPY, BTCUSD)

EURUSD, “Euro vs US Dollar”

After breaking the consolidation range upwards, EURUSD has reached 1.1166; right now, it is consolidating around this level. According to the main scenario, the price is expected to form a new descending structure with the target at 1.1117.

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 broken the consolidation range upwards; Possibly, today the pair may reach 1.2940 and then start another decline towards 1.2873. Later, the market may continue the correction with the target at 1.2967 and then form a new descending structure to reach 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”

After breaking the consolidation range downwards, USDCHF has reached 0.9870. Today, the pair may form one more ascending structure towards 0.9890. After that, the instrument may start a new decline to reach 0.9877 and resume moving upwards with the target at 0.9922.

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 completing the ascending impulse at 109.20, USDJPY has finished the ascending one towards 108.64. Possibly, today the pair may grow to reach 108.89, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 107.93; if to the upside – start another growth to reach 109.40.

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 broken the consolidation range upwards. Possibly, the pair may choose an alternative scenario to continue the ascending wave towards 0.7014 without any corrections. At the same time, the market may start plummeting towards 0.6760 at any moment.

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 moving upwards. Possibly, the pair may reach 64.19 and then fall towards 63.98. Later, the market may form one more ascending structure with the target at 64.40.

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 finished the ascending impulse at 1.3190. Today, the pair may fall to reach 1.3147 and then start a new growth towards 1.3175, thus forming another consolidation range. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.3070.

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 still consolidating around 1492.50. According to the main scenario, the price is expected to continue trading inside the downtrend with the short-term target at 1471.36.

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

BRENT

Brent is still correcting; it has already reached 60.60. Possibly, today the pair may form one more ascending structure to reach 61.27 and then resume trading downwards with the target at 60.23.

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 consolidating above 9060.00. If later the price breaks this range to the downside at 8900.00, the market may form a new descending structure with the target at 8760.00; if to the upside at 9200.00 – resume moving upwards to reach 9900.00.

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


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