Forex Technical Analysis & Forecast 09.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

09.11.2018

EURUSD, “Euro vs US Dollar”

EURUSD is still falling. Today, the pair may fall to reach 1.1320 and then start a new correction towards 1.1383. After that, the instrument may resume trading inside the downtrend with the short-term predicted target at 1.1255.

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 forming the first descending impulse. Possibly, today the pair may reach 1.2990 and then grow towards 1.3077. Later, the market may resume falling to reach 1.2850. The main target of this descending structure is at 1.2654.

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 growing towards 1.0038. Today, the pair may reach 1.0094 and then start a new decline with the target at 1.0060. After that, the instrument may form one more ascending structure towards 1.0140. The first target of this ascending structure is at 1.0173.

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 trading upwards; it has almost completed this wave.  Possibly, today the price may consolidate near the highs. If later the pair breaks 113.80 to the downside, the instrument may form a new descending structure towards 112.60. Later, the market may; be corrected with the target at 113.30.

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 completed the ascending channel. Today, the pair may fall to reach 0.7210 and then start a new correction towards 0.7256. Later, the market may resume trading inside the downtrend with the target at 0.7121.

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 66.40. Possibly, today the price may form one more descending structure towards 65.60. After that, the instrument may start another growth to reach 66.00 and then resume falling with the target at 64.70.

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

XAUUSD, “Gold vs US Dollar”

Gold has broken 1221.50. Possibly, the price may fall to reach 1216.60 and then resume growing to return to 1221.50. Later, the market may resume trading inside the downtrend with the target at 1206.04.

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

BRENT

Brent is still falling and reaching new lows; it has completed the first descending wave and right now is forming an extension. Possibly, today the price may reach 71.88 and then fall towards 70.11. After that, the instrument may start another growth with the target at 75.05.

BRENT
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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question