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Forex Technical Analysis 20.11.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

After reaching the closest correctional target at 1.1077, EURUSD is moving downwards to reach 1.1066. Possibly, the pair may reach this level and then start another growth towards 1.1072, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may continue the correction towards 1.1085; if to the downside – fall to break 1.1055 and then continue trading inside the downtrend with the short-term 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 correcting towards 1.2894; it has already finished the second correctional impulse at 1.2899 and right now is growing to reach 1.2939. After that, the instrument may form a new descending structure towards 1.2894 and then continue trading upwards with the target at 1.3020.

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 reached the correctional target at 0.9917; right now, it is falling again. Possibly, the pair may reach 0.9888. Later, the market may form one more ascending structure towards 0.9902 and then start a new decline with the target at 0.9862.

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 finished the correction at 108.80; right now, it is falling again to reach 108.30. Possibly, the pair may reach this level and then form one more ascending structure towards 108.60. After that, the instrument may move downwards to break 108.10 and then continue trading inside the downtrend with the short-term target at 107.60.

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 first descending impulse towards 0.6806. Later, the market may start another correction to reach 0.6820 and then resume moving downwards to break 0.6796. After that, the instrument may continue trading inside the downtrend with the short-term target at 0.6770.

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 consolidation range around 63.80. Today, the pair may break it upwards and reach the first target at 64.11. After that, the instrument may start a new correction towards 63.98 and then form one more ascending structure with the target at 64.54.

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

USDCAD, “US Dollar vs Canadian Dollar”

After completing the correction at 1.3190 and finishing another ascending impulse towards 1.3266, USDCAD is consolidating around this level. If later the pair falls and breaks this range to the downside at 1.3260, the price may start a new correction towards 1.3230; if grows and breaks to the upside at 1.3284 – continue trading upwards with the target at 1.3342.

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 moving upwards. Possibly, the pair may expand the range towards 1476.12 and then form a new descending structure to reach 1468.80. Later, the market may form one more ascending structure towards 1482.20 and then resume moving downwards with the first target at 1464.80.

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

BRENT

After completing another descending wave at 61.88 and forming the consolidation range, Brent has broken it downwards. Possibly, the pair may continue the correction towards 60.33. After that, the instrument may start a new growth to reach 61.20, at least, and then resume moving downwards with the target 60.03.

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 still consolidating around 8050.00. Possibly, today the pair may grow to reach 8128.00 and then fall to return to 8050.00. Later, the market may break this range upwards and resume growing with the first target at 8270.00.

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


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