Forex Technical Analysis & Forecast 10.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

10.10.2019

EURUSD, “Euro vs US Dollar”

EURUSD has finished another ascending correctional wave at 1.0990. Possibly, today the pair may start another decline to reach 1.0966 and then form one more ascending structure towards 1.0977, thus forming a consolidation range between these two levels. Later, the market may break the range to the downside and continue trading inside the downtrend with the target at 1.0940.

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 ascending correction at 1.2277, GBPUSD started a new wave to the downside and has already finished the impulse at 1.2204; right now, it is correcting towards 1.2245. After that, the instrument may form a new descending structure to reach 1.2166 and then test 1.2204 from below. Later, the market may continue trading downwards with the target at 1.2125.

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

USDCHF, “US Dollar vs Swiss Franc”

After completing the ascending impulse at 0.9960, USDCHF has formed the correction towards 0.9922; right now, it is forming another ascending wave to break 0.9964. After that, the instrument may continue trading upwards with the target at 1.0007.

USDCHF
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 the ascending wave at 107.61, USDJPY has complete the correction towards 107.06; right now, it is growing to break 107.62 and then reach 108.33. Later, the market may start a new correction towards 107.77 and then form one more ascending structure with the target at 108.86.

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 correction at 0.6717. Today, the pair may form one more ascending structure to reach 0.6780 and then resume trading downwards with the target at 0.6720.

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 falling towards 64.84. Possibly, today the pair may break this level and then continue trading downwards with the target at 64.34. Later, the market may start another growth to reach 64.66.

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

USDCAD, “US Dollar vs Canadian Dollar”

After finishing the ascending structure at 1.3344, USDCAD has completed the correction towards 1.3313. Possibly, today the pair may grow to reach 1.3347 and then form a new descending structure towards 1.3322. After that, the instrument may start another growth with the target at 1.3355.

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 around 1498.40 and may grow to reach 1510.00. However, according to the main scenario the price is expected to fall to break 1494.44 and then continue trading inside the downtrend towards 1478.85. Today, the pair is trying to form a consolidation range around 1507.66. Possibly, the price may expand the range towards 1519.45 and then form a new descending structure to break 1503.60. After that, the instrument may continue trading downwards with the target at 1486.64.

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

BRENT

Brent is consolidating above 57.77 in the form of Triangle pattern; right now, it is trading to rebound from the pattern’s downside border. Possibly, the pair may grow to break 59.20 and then resume trading inside the uptrend with the target at 60.33.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has completed the ascending structure towards 8540.00; right now, it is consolidating around this level. According to the main scenario, the price is expected to start a new correction with the target at 8130.00.

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.