Forex Technical Analysis & Forecast 25.09.2020
EURUSD, “Euro vs US Dollar”
After finishing another descending structure at 1.1626 and then returning to 1.1680, EURUSD is consolidating below the latter level. If later the price breaks this range to the upside, the market may continue the correction towards 1.1700 and then even reach 1.1740; if to the downside – resume trading within the downtrend with the target at 1.1600.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2730 without any particular direction. Possibly, today the pair may expand the range up to 1.2793 and then trade downwards to reach 1.2692. If later the price breaks this level to the downside, the market may continue moving inside the downtrend with the target at 1.2600.
USDRUB, “US Dollar vs Russian Ruble”
After completing another ascending structure at 77.40, USDRUB is consolidating below this level. Today, the pair may fall to break 76.50 and then continue trading downwards with the first target at 75.55.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating below 105.50. According to the main scenario, the price is expected to fall towards 104.80 and then form one more ascending structure to reach 106.00. Later, the market may start a new decline to return to 104.80.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues moving upwards to reach 0.9292. Later, the market may correct towards 0.9220 and then form one more ascending structure with the first target at 0.9360.
AUDUSD, “Australian Dollar vs US Dollar”
After completing another descending wave at 0.7020 along with the correction towards 0.7072, AUDUSD is consolidating below the latter level. If later the price breaks this range to the upside, the market may continue the correction towards 0.7128; if to the downside – resume trading within the downtrend with the short-term target at 0.6930.
BRENT
Brent is still consolidating close to the upside border. Possibly, the asset may break 42.60 and then form one more ascending structure to reach 43.63. After that, the instrument may consolidate and form a continuation pattern. The main scenario implies that the price may start a new growth with the short term target 46.06.
XAUUSD, “Gold vs US Dollar”
After finishing the descending wave at 1850.00, Gold is consolidating below this level. According to the main scenario, the price is expected to start a new growth to reach 1921.12. However, if the range is broken to the downside, the instrument may resume trading within the downtrend with the target at 1830.00.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating around 10300.00ж it has expanded the range up to 10730.00. Later, the market may resume trading downwards to break 10200.00 and then continue falling with the target at 9700.00 or even 9333.00.
S&P 500
The S&P index is consolidating around 3269.9. Possibly, the asset may resume trading within the downtrend to reach 3202.6 and then start another correction towards 3330.3. After that, the instrument may form a new descending structure with the target at 3050.0.
