Forex Technical Analysis & Forecast 03.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD continues the correction; right now, it is forming the second ascending impulse. Possibly, today the pair may reach 1.0966 and then form a new descending structure towards 1.0931. Later, the market may start another ascending impulse with the target at 1.0984.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2266. Today, the pair may fall to reach 1.2248 and resume trading upwards with the target at 1.2300.
USDCHF, “US Dollar vs Swiss Franc”
After finishing another ascending wave at 1.0005, USDCHF has completed the correction towards 0.9960; right now, it is consolidating around 0.9970. According to the main scenario, the price is expected to start a new growth to break 0.9993 and then continue moving upwards with the target at 1.0050.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has formed the correction towards 106.96. Possibly, today the pair may grow to reach 107.69 and then start another decline towards 107.33. Later, the market may form one more ascending structure with the target at 108.25.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6696. After breaking the range to the upside, the instrument may start a new growth to break 0.6744 and then continue trading upwards with the target at 0.6767.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the descending impulse at 65.00 along with the correction towards 65.28. Today, the pair may break 65.00 downwards. The target is at 64.55.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has reached 1.3300; right now, it is consolidating around this level. If later the price breaks this range to the downside, the instrument may start a new correction with the target at 1.3285; if to the upside – resume moving upwards to reach 1.3398.
XAUUSD, “Gold vs US Dollar”
Gold continues the ascending wave towards 1500.00; it has almost finished the correction. Today, the pair may consolidate around 1499.11. If later the price breaks this range to the downside, the instrument may start another decline with the first target at 1488.00.
BRENT
Brent is still consolidating near the lows. Today, the pair may grow to reach 60.65 and then form a new descending structure towards 59.22. Later, the market may start another growth with the target at 64.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating around 8260.00. Possibly, today the pair may continue the correction towards 8025.00. After that, the instrument may form one more ascending structure with the target at 8500.00.
