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Forex Technical Analysis & Forecast 12.10.2021

EURUSD, “Euro vs US Dollar”

After expanding its consolidation range down to 1.1546, EURUSD is growing to reach 1.1565. After that, the instrument may fall to break 1.1540 and then continue trading within the downtrend with the target at 1.1515.

Forex Technical Analysis & Forecast 12.10.2021 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 completed another descending structure at 1.3580; right now, it is correcting to reach 1.3606. Later, the market may resume trading downwards towards 1.3565 or even reach the target at 1.3540.

Forex Technical Analysis & Forecast 12.10.2021 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

After expanding its consolidation range down to 71.55, USDRUB is expected to start a new correction towards 71.71. Later, the market may resume trading downwards with the target at 71.45.

Forex Technical Analysis & Forecast 12.10.2021 USDRUB
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 another ascending structure at 113.33, USDJPY is forming a new consolidation range around this level. Possibly, the pair may expand the range up to 113.55. After that, the instrument may start a new correction with the target at 112.82.

Forex Technical Analysis & Forecast 12.10.2021 USDJPY
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 growing towards 0.9280 and may later form a new descending structure to reach 0.9265. After that, the instrument may resume trading upwards with the target at 0.9310.

Forex Technical Analysis & Forecast 12.10.2021 USDCHF
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 completed the descending impulse at 0.7331; right now, it is growing to reach 0.7355. Later, the market may resume moving downwards with the short-term target at 0.7300.

Forex Technical Analysis & Forecast 12.10.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has finished the ascending structure at 84.84 along with the correction towards 83.33. Today, the asset may form one more ascending structure to reach 85.00 and then start another correction with the target at 82.22.

Forex Technical Analysis & Forecast 12.10.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has formed a new consolidation range around 1755.55; right now, it is growing towards 1766.70. Later, the market may resume trading downwards with the target at 1735.21.

Forex Technical Analysis & Forecast 12.10.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The S&P index has broken 4354.5 to the downside. Possibly, the asset may continue falling towards 4305.5 or even reach the target at 4154.4.

Forex Technical Analysis & Forecast 12.10.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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