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Forex Technical Analysis 10.12.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

is still consolidating around 1.1066. Possibly, today the pair may expand this range upwards and downwards, 1.1070 and 1.1062 respectively. If later the price breaks this range to the upside, the market may continue the correction towards 1.1087; if to the downside – fall to break 1.1050 and then continue trading inside the downtrend with the short-term target at 1.1026.

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 still consolidating around 1.3133. Today, the pair may grow to reach 1.3156 and then fall to return to 1.3133. After that, the instrument may break this level and continue trading downwards to reach 1,3112. Later, the market may form one more ascending structure towards 1.3133 and then start a new decline with the first target at 1.3086.

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 0.9880. Possibly, today the pair may expand this range towards 0.9896 and then start a new decline to reach 0.9855. Later, the market may form one more ascending structure with the target at 0.9886.

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 is still consolidating around 108.66 without any particular direction. Today, the pair may grow to reach 108.74 and then resume moving downwards with the target at 108.34. After that, the instrument may start a new correction to return to break 108.66.

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 correcting in the center of Flag pattern towards 0.6806. Possibly, today the pair may fall to reach this level and then start another growth towards 0.6834, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 0.6860; if to the downside – resume trading inside the downtrend with the target at 0.6700.

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 consolidating above 63.61. Possibly, the pair may break this level to the downside and then continue falling with the short-term target at 63.15. After that, the instrument may grow to return to 63.61 and test it from below. Later, the market may continue trading inside the downtrend with the target at 62.74.

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 to reach 1.3217. Later, the market may form one more ascending structure towards 1.3274, thus forming a new consolidation range between these levels. If later the price breaks this range to the downside, the market may continue trading inside the downtrend towards 1.3108; if to the upside – continue the correction with the target at 1.3286.

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 consolidating below 1464.00. Possibly, today the pair may expand the range towards 1468.46 and then form a new descending structure to reach 1457.21. Later, the market may start another correction to return to 1468.46 and then resume moving downwards 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 consolidating around 64.60. Possibly, today the pair may fall towards 63.67 and then grow to reach 68.64. After that, the market may start a new decline towards 64.60. If later the price breaks this range to the upside, the market may form one more ascending structure with the short-term target at 68.00; if to the downside – start another correction to reach 62.55.

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 around 7340.00; right now, it is moving downwards. Possibly, the pair may expand the range towards 7028.00. Later, the market may resume moving upwards to break 7600.00 and then continue growing with the first target at 8165.00.

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


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