Forex Technical Analysis & Forecast 17.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is moving upwards to reach 1.1024. Later, the market may fall towards 1.1009 and then continue trading upwards with the first target at 1.1055.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is also moving upwards to reach 1.2452. After that, the instrument may start a new decline towards 1.2420 and then form one more ascending structure with the target at 1.2520. If the price breaks 1.2400 to the downside, the pair may continue falling towards 1.2363.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving downwards to reach 0.9904. Later, the market may start another growth with the target at 0.9952.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards to reach 107.92. After that, the instrument may grow towards 108.14, thus forming a new consolidation range. If later the price breaks this range to the downside, the instrument may form a new descending structure to reach 107.50; if to the upside – resume trading inside the uptrend with the target at 108.80.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming the second descending impulse with the target at 0.6815. Later, the market may start another growth towards 0.6855 and then resume trading downwards to reach 0.6807.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the pair may reach 63.44. After that, the instrument may resume trading upwards with the target at 64.40 and then start a new decline towards the first target at 63.40.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating above 1.3232. If later the price breaks this range to the downside, the instrument may resume trading downwards to reach 1.3200; if to the upside – start a new growth with the target at 1.3290.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating above 1497.00. If later the price breaks this range to the downside, the instrument may resume trading downwards with the target at 1478.25; if to the upside – then form one more ascending structure to reach 1526.30.
BRENT
Brent is moving downwards to reach 67.40. Later, the market may grow towards 68.60, thus forming a new consolidation range. If later the price breaks this range to the downside, the instrument may form a new descending structure to reach 65.50; if to the upside – resume trading inside the uptrend with the first target at 72.60.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating above 10180.00. Possibly, today the pair may move downwards to reach 9853.00 and then resume growing to return to 10180.00. After that, the instrument may form a new descending structure with the target at 9800.00.
