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Forex Technical Analysis 07.11.2019 (USDJPY, AUDUSD, BTCUSD)

EURUSD, “Euro vs US Dollar”

After breaking 1.1062, EURUSD may continue falling to reach 1.1048. After that, the instrument may form one more ascending structure towards 1.1072 and then resume trading downwards with the short-term target at 1.1025.

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 1.2850 downwards. Today, the pair may continue falling to reach 1.2805 and then resume trading upwards with the target at 1.2850. Later, the market may form a new descending structure towards 1.2765.

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 0.9925. Possibly, the pair may fall to reach 0.9910 and then expand the range towards 0.9948. If the price breaks 0.9910 to the downside, the instrument may continue trading downwards with the target at 0.9888.

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 finishing the descending structure at 108.67, USDJPY is consolidating around this level. According to the main scenario, the price is expected to trade downwards with the short-term target at 108.32.

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 downwards. Possibly, the pair may reach 0.6844 and then resume growing towards 0.6884. After that, the instrument may start a new decline 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”

After completing the ascending wave at 63.78, USDRUB may fall to reach 63.50, thus forming a new consolidation range. If later the pair breaks this range to the upside, the instrument may continue the correction towards 64.04; if to the downside – resume trading inside the downtrend with the 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 moving upwards. Possibly, the pair may form one more ascending structure to reach 1.3197 and then start another decline with the target at 1.3104.

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

XAUUSD, “Gold vs US Dollar”

After breaking 1490.00, Gold is consolidating around it. Today, the pair may trade upwards to reach 1496.80 and then form a new descending structure to return to 1490.00. Later, the market may start another growth with the target at 1501.00.

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

BRENT

After breaking 62.67, Brent is correcting towards 61.45. After that, the pair may grow to reach 62.50, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may continue the correction to reach 60.22; if to the upside – resume trading inside the uptrend with the target at 64.90.

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

BTCUSD, “Bitcoin vs US Dollar”

After reaching 9415.00 and rebounding from it to the downside, BTCUSD is falling towards 9130.00. Later, the market may form one more ascending structure with the target at 9600.00.

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


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