Forex Technical Analysis & Forecast 14.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD continues moving downwards. Possibly, today the pair may reach 1.0991 and then resume trading upwards with the target at 1.1002. After that, the instrument may form a new descending structure towards 1.0988.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating below 1.2856. Possibly, the pair may fall to reach 1.2764. If later the price breaks this level to the downside, the market may continue moving downwards with the short-term target at 1.2646.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9898. Today, the pair may start a new decline towards 0.9876 and then form one more ascending structure with the target at 0.9920.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the first downside target. Possibly, today the pair may extend this structure towards 108.50. After that, the instrument may one more ascending structure with the target at 108.89, at least.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken 0.6820; right now, it continues extending this descending wave. Today, the pair may reach 0.6772 and then start another correction towards 0.6840. Later, the market may resume trading downwards with the target at 0.6757.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating above 64.30. Possibly, the pair may break this range to the downside and form a new descending structure towards 64.10. Later, the market may resume trading upwards with the target at 64.66.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating around 1.3240. Possibly, today the pair may expand the range towards 1.3270 and then start a new decline to return to 1.3240. After that, the instrument may continue trading inside the downtrend with the target at 1.3197.
XAUUSD, “Gold vs US Dollar”
Gold continues consolidating below 1466.00 without any particular direction. If later the price breaks this range to the upside, the market may resume moving upwards to reach 1473.33; if to the downside – start a new decline with the target at 1455.55.
BRENT
Brent is still consolidating between 63.03 and 61.81; right now, it is getting close to the upside border again. If later the price breaks this range to the upside, the market may resume trading inside the uptrend with the target at 64.40; if to the downside – fall towards 60.60 and then start a new growth towards the above-mentioned target.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD continues consolidating around 8676.00. If later the price breaks this range to the upside, the market may start another correction to reach 9300.00; if to the downside – resume trading inside the downtrend with the target at 8050.00.
