Forex Technical Analysis & Forecast 21.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
After finishing the second descending impulse towards 1.1050, EURUSD has completed the correction at 1.1077. Today, the pair may form the third impulse to the downside to reach 1.1045 and then start a new correction with the target at 1.1066.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending impulse towards 1.2890; right now, it is growing to reach 1.2959. After that, the instrument may form a new descending structure towards 1.2920, thus forming a new consolidation range. If later the price breaks this range to the upside 1.2955, the market may continue moving upwards to reach 1.3020; if to the downside at 1.2880 – start another decline with the target at 1.2760.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the descending impulse at 0.9890; right now, it is growing to reach 0.9917. After that, the instrument may fall towards 0.9900. If later the price breaks this range to the upside at 0.9920, the market may resume growing to reach 0.9955; if to the downside at 0.9890 – start a new decline with the target at 0.9860.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling with the short-term target at 108.08. After that, the instrument may form one more ascending structure towards 108.70 and then resume trading inside the downtrend to reach 107.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6794. Later, the market may break this range to the downside and continue trading inside the downtrend with the short-term target at 0.6763.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.93. Possibly, today the pair may fall to reach 63.73 and then form one more ascending structure to return to 63.93. If later the price breaks this range to the upside, the market may continue growing towards 64.40; if to the downside – form a new descending structure with the target at 63.50.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating above 1.3300. Today, the pair may start a new decline towards 1.3286 and then resume trading upwards with the target at 1.3343.
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards to reach 1461.97. Possibly, the pair may reach this level and then grow towards 1469.80. However, if the price breaks 1460.00 to the downside, the market may continue trading inside the downtrend with the short-term target at 1453.60.
BRENT
Brent is consolidating around 63.50. Possibly, today the pair may fall 61.45 and then start a new growth to reach 62.80. After that, the instrument may break this level to the upside and then continue trading upwards with the target at 64.40.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has completed the second ascending impulse at 8192.00 along with the correction towards 8040.00. Today, the pair may grow to break 8200.00 and then continue trading upwards to reach 8550.00. However, if the price breaks 8000.00 to the downside, the market may resume trading inside the downtrend break with the target at 7550.00.
