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Forex Technical Analysis & Forecast 20.10.2022

EURUSD, “Euro vs US Dollar”

EURUSD is out of a downward consolidation range. Today we expect a test from the bottom at 0.9797. Further down to 0.9720 with the prospect of trend continuation to 0.9710.

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 down to 1.1260. We consider the possibility of a continuation of the decline wave to 1.1080. After the performance of this level, the correction to 1.1260 is not excluded. Further, the decline to the level of 1.0902.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY continues to develop a rising wave to the level of 150.15. After its breakdown, a correction to 149.15 is not ruled out, and a breakdown of this level will open the potential for a further correction to 147.90.

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 continues to develop a rising wave towards 1.0099. After it works out, consider the probability of correction to 0.9911. Next, growth to the level of 1.0350.

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 is out of a downward consolidation range. We expect a breakout of 0.6215. After that, the growth link to 0.6276 is not excluded. Further, the decline to the level of 0.6171.

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

BRENT

Brent continues to develop a rising wave towards 93.40. After it is reached, a correction to 91.75 is not ruled out. We expect a rise to 94.55 with the prospect of trend continuation to 100.00.

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 worked its way down to 1623.00. Today, an upside link to 1646.16 is not ruled out, followed by a decline to 1635.00. At these levels, we expect the formation of a new consolidation range.

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 worked its way up to 3760.0 and a correction to 3678.0. An upward link to 3861.0 is not ruled out today. Further down to 3678.0. An exit from this range down would open up the potential for a downside wave to 3500.0.

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


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