Forex Technical Analysis & Forecast 24.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

24.10.2019

EURUSD, “Euro vs US Dollar”

EURUSD has finished the second descending impulse towards 1.1104 along with the correction; right now, it is consolidating. According to the main scenario, the price is expected to break the range to the downside and then form the third impulse with the target at 1.1083.

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 completing the second descending impulse at 1.2840, GBPUSD has formed the correction towards 1.2920; right now, it is consolidating. The main scenario implies that the price may break the range downwards and then form the third impulse with the target at 1.2827.

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 continues growing towards 0.9927. After that, the instrument may then form a new descending structure to reach 0.9890 and then start another growth with the target at 0.9940.

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 consolidating around 108.44; right now, it is moving close to the upside border. Possibly, the pair may break the range to the downside and then continue trading downwards with the target at 108.01.

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 finished the correction at 0.6857; right now, it is moving downwards and forming the third wave. The target is at 0.6811.

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 broken its consolidation range to the upside; right now, it is correcting towards 64.04. Later, the market may start a new decline to reach 62.80.

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. As long as the price is moving inside this wave’s channel, the pair is expected to reach 1.3025.

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 also moving downwards. Possibly, the pair may reach 1478.78 and then start a new correction towards 1488.55 and then continue trading inside the downtrend with the target at 1472.44.

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

BRENT

Brent has broken 60.00 and may continue growing. Possibly, today the pair may return to 60.00 and then resume trading upwards to reach 61.87. Later, the market may start another correction to return to 60.00 once again.

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

BTCUSD, “Bitcoin vs US Dollar”

After completing the descending structure at 7850.00, BTCUSD has broken it to the downside; right now, it is still trading downwards. Today, the pair may reach 7200.00 and then start a new correction with the target at 8200.00.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.