Forex Technical Analysis & Forecast 14.01.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD continues moving upwards; it has broken 1.1131. Possibly, today the pair may reach 1.1150 and then start a new correction to return to 1.1131. Later, the market may form one more ascending structure with the target at 1.1160.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards with the target at 1.2901. After that, the instrument may correct towards 1.3055 and then resume falling inside the downtrend to reach 1.2831.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken its consolidation range to the downside. Possibly, the pair may continue the correction towards 0.9692. After that, the instrument may form one more ascending structure with the first target at 0.9726.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the ascending wave without any corrections. Today, the pair may consolidate near the highs. Later, the market may break 109.65 to the downside and form a new descending structure with the first target at 108.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6900. Possibly, today the pair may start a new decline to reach 0.6881 and then continue trading inside the uptrend towards 0.6924.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 61.12. Today, the pair may expand the range down to 60.70 and then start another correction to reach 61.61. Later, the market may continue trading inside the downtrend towards 60.06.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD continues consolidating around 1.3055. Possibly, today the pair may form one more ascending structure towards 1.3080 and then resume falling to test 1.3055 from above. After that, the instrument may start a new growth with the target at 1.3100.
XAUUSD, “Gold vs US Dollar”
After forming another consolidation range above 1547.20 and breaking it to the downside, Gold has reached the short-term target at 1538.00. Today, the pair may grow towards 1547.20 and then form a new descending structure with the target at 1529.90.
BRENT
Brent has reached 64.26. Possibly, today the pair may start another growth towards 65.21 and then resume moving downwards to reach 64.75. After that, the instrument may form one more ascending structure with the first target at 66.50.
BTCUSD, “Bitcoin vs US Dollar”
After breaking 8260.00, BTCUSD is still moving upwards to reach 8600.00. Today, the pair may form a new descending structure towards 8265.00 and then start another growth to reach 8600.00. Later, the market may correct to return to 8250.00 and then form one more ascending structure with the target at 8900.00.
