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Forex Technical Analysis & Forecast 21.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

21 october 2019 - Fx4News

EURUSD, “Euro vs US Dollar”

After breaking 1.1140, EURUSD has expanded the range towards 1.1170. Possibly, today the pair may fall to return to 1.1140 and then grow to reach 1.1155. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 1.1175; if to the downside – start a new correction with the target at 1.1072.

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 completed the descending impulse at 1.2880. Today, the pair may grow towards 1.2944, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may start another correction towards 1.2777; if to the upside – resume trading upwards to reach 1.3000 and then continue moving inside the downtrend with the first target at 1.2555.

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 moving upwards to reach 0.9865. After that, the instrument may fall towards 0.9850. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 0.9927; if to the downside – start a new decline to reach 0.9830 and then resume trading upwards with the first target at 0.9930.

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 completed the ascending structure at 108.51. Possibly, the pair may continue falling towards 108.21 and then resume moving upwards to return to 108.51. If later the price breaks this range to the downside, the instrument may form a new descending structure with the first target at 107.98.

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 is moving upwards. Possibly, the pair may reach 0.6864. After that, the instrument may start another decline with the first target at 0.6791.

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 below 64.04. According to the main scenario, the price is expected to continue falling to reach 63.63. Later, the market may grow towards 63.85 and then continue trading inside the downtrend with the target at 63.53.

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 reached the downside target at 1.3125. Today, the pair may grow to reach 1.3177 and then continue falling towards 1.3155. Later, the market may break this range to the upside and form one more ascending structure with the first target at 1.3344.

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 above 1487.70. Possibly, the pair may grow towards 1498.30 and then resume falling to break 1483.60 and then continue trading inside the downtrend with the target at 1470.90.

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

BRENT

Brent continues the correction towards 58.95. Later, the market may resume trading upwards with the first target at 60.50 and then start a new decline to reach 59.70.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is forming the second ascending impulse with the target at 8316.00 After that, the instrument may form a new descending structure to reach 8085.00 and then resume growing towards the first target at 8400.00.

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

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