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Forex Technical Analysis 26.11.2019 (USDCHF, USDJPY, AUDUSD)

EURUSD, “Euro vs US Dollar”

After reaching another downside target at 1.1004, EURUSD is consolidating below 1.1014. Possibly, the pair may break this level to the upside and start a new correction towards 1.1024. Later, the market may break this level as well and continue the correction to reach 1.1048. After that, the instrument may continue trading inside the downtrend with the target at 1.0984.

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”

After finishing the correction at 1.2875, GBPUSD has formed a continuation pattern to extend it towards 1.2911. Possibly, the pair may form one more ascending structure to reach 1.2955 (an alternative scenario). The main scenario implies that the price may continue trading inside the downtrend with the short-term target at 1.2787.

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 still consolidating around 0.9974. Possibly, today the pair may fall to break 0.9959 and then continue trading downwards to reach 0.9940. Later, the market may break this level as well and continue the correction with the target at 0.9932.

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 structure at 109.17, USDJPY has formed the descending impulse towards 108.95. Possibly, the pair may start a new correction to reach 109.07 and then resume trading inside the downtrend with the short-term target at 108.77.

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 reached the short-term downside target at 0.6770. Today, the pair may start another correction towards 0.6795 and then form a new descending structure to reach 0.6757.

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 reached 63.88; right now, it is trading upwards and forming a continuation pattern to reach 64.08 (an alternative scenario). The main scenario implies that the price may move downwards to break 63.85 and then continue trading inside the downtrend with the target at 63.63 or even 63.11.

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 break 1.3315 and then continue trading upwards to reach 1.3341. However, if the price falls and breaks 1.3300, the instrument may resume falling with the target at 1.3260.

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 rebounded from 1460.33; right now, it is still moving downwards with the short-term target at 1447.71. Later, the market may start another correction to return to 1460.33 and then form a new descending structure with the target at 1444.00.

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

BRENT

Brent is still consolidating below 63.60; it has reached the downside border and right now it moving upwards to reach 64.40. After that, the instrument may start a new decline to test 63.60 from above and then continue growing with the short-term target at 65.50, at least.

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 with short-term downside target at 6500.00, BTCUSD has completed the ascending impulse towards 7340.00; right now, it is correcting to reach 6830.00. Later, the market may form one more ascending structure with the target at 7100.00.

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


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