Forex Technical Analysis & Forecast 19.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD has broken 1.1040 by completing the second descending impulse; right now, it is still moving downwards. Today, the pair may form the third impulse to reach 1.1006 and then resume growing with the target at 1.1040.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2465. If later the price breaks this range to the downside at 1.2455, the instrument may resume trading downwards with the target at 1.2400; if to the upside at 1.2490 – form one more ascending structure towards 1.2555 and then start a new decline with the above-mentioned target.
USDCHF, “US Dollar vs Swiss Franc”
After reaching the target of the first structure, USDCHF continues forming the third ascending wave; right now, it is consolidating above 0.9955. If later the price breaks this range to the upside at 0.9988, the instrument may resume trading inside the uptrend with the target at 1.0055; if to the downside at 0.9955 – start another correction towards 0.9900.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the upside target at 108.47; right now, it is forming the first correctional wave. Possibly, the pair may break 107.98 and then continue trading downwards with the first target at 107.45.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the first downside target at 0.6787. Today, the pair may consolidate near the lows. If later the price breaks this range to the upside, the instrument may start a new correction with the target at 0.6840.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming another descending wave towards 63.42. Possibly, today the pair may reach this level and then resume trading upwards with the target at 64.20. Later, the market may form a new descending structure towards 63.26.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating above 1.3287. If later the price breaks this range to the downside at 1.3287, the instrument may start another correction with the target at 1.3220; if to the upside at 1.3300 – resume trading upwards to reach 1.3344.
XAUUSD, “Gold vs US Dollar”
After breaking 1497.66 to the downside, Gold has reached 1483.30. Today, the pair may form one more ascending structure to return to 1497.66. After that, the instrument may resume trading downwards with the target at 1472.00.
BRENT
Brent is consolidating around 64.00. If later the price breaks this range to the upside at 64.95, the instrument may resume trading upwards with the target at 67.67; if to the downside at 63.50 – continue the correction towards 60.60.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has completed the third descending wave at 9800.00. Today, the pair may grow to return to 10140.00 and then start a new decline with the first target at 9500.00.
