Forex Technical Analysis & Forecast 25.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD continues forming the third descending impulse. Possibly, today the pair may break 1.1080 and then continue trading inside the downtrend with the predicted target at 1.1057.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the third descending impulse towards 1.2828. After that, the instrument may continue trading downwards with the predicted target at 1.2770.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues moving upwards. Today, the pair may fall to reach 0.9920 and then form one more ascending structure with the predicted target at 0.9940.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.44. Possibly, today the pair may form a new descending structure to reach 108.40. Later, the market may break this level and then continue trading inside the downtrend with the target at 108.06.
AUDUSD, “Australian Dollar vs US Dollar”
After reaching the short-term downside target at 0.6815, AUDUSD is consolidating around it. If later the price breaks this range to the upside at 0.6823, the market may start a new correction towards 0.6835 and then form a new descending structure with the target at 0.6788; if to the downside at 0.6809 – continue trading inside the downtrend to reach the above-mentioned target.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the ascending wave at 64.04. Today, the pair may fall to reach 63.80, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may continue the correction towards 64.64; if to the downside at 1.1044 – resume trading inside the downtrend with the target at 62.93.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is consolidating around 1.3073 without any particular direction. Possibly, the pair may fall to reach 1.3024 and then form one more ascending structure with the target at 1.3131.
XAUUSD, “Gold vs US Dollar”
Gold continues the correction; right now, it is consolidating around 1490.19. Possibly, today the pair may fall to reach 1490.19 and then start a new growth towards 1505.85. After that, the instrument may continue trading inside the downtrend with the predicted target at 1451.65.
BRENT
After reaching the predicted upside at target 61.35 and forming the consolidation range below it, Brent has broken the range to the upside to reach 61.87 and then retuned to 60.35. If later the price breaks this range to the upside, the market may continue trading inside the uptrend with the target at 63.07; if to the downside – start another correction to reach 60.40 and then resume trading upwards.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is still consolidating around 7400.00. Possibly, the pair may form a new descending structure to reach 7200.00 and then start another growth with the target at 8200.00.
