Forex Technical Analysis & Forecast 23.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

23.10.2019

EURUSD, “Euro vs US Dollar”

EURUSD has finished the first descending wave towards 1.1122 along with the correction at 1.1153. Possibly, today the pair may form the second descending wave to reach 1.1100 and then start another correction with the target at 1.1126. Later, the market may resume trading inside the downtrend towards 1.1081.

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 first descending wave at 1.2888, GBPUSD has formed the correction towards 1.3000; right now, it is forming the second descending wave to reach 1.2760. After that, the instrument may start a new correction towards 1.2870 and then resume moving inside the downtrend with the target at 1.2742.

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 forming the consolidation range around 0.9892 and breaking it to the upside, USDCHF is growing towards 0.9927. After that, the instrument may then start a new correction with the target at 0.9890.

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 has broken 108.44 to the downside. Possibly, the pair may fall towards 108.18 and then start another correction to return to 108.44. Later, the market may form a new descending structure with the first target at 107.96.

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 first descending wave at 0.6837. The main scenario implies that the price may start a new correction towards 0.6855 and then resume falling with the predicted target 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 is consolidating around 63.69. Today, the pair may fall to reach 63.30.

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 has finished the ascending impulse along with the correction. Possibly, today the pair may form one more ascending structure with the first target at 1.3180 and then start a new correction towards 1.3127.

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 still consolidating around 1488.03. Possibly, the pair may continue trading inside the downtrend with the predicted target at 1476.90.

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

BRENT

Brent is moving upwards. Possibly, today the pair may consolidate around 59.70. Later, the market may break the range to the upside and resume trading inside the uptrend with the predicted target at 61.15.

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 reached 8085.00; right now, it is moving downwards. Possibly, the pair may reach 7850.00 and then resume growing with the target at 8375.00.

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.