Forex Technical Analysis & Forecast 27.11.2020

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1909 without any particular direction. Possibly, today the pair may grow to reach 1.1974 and then correct to return to 1.1909. After that, the instrument may form one more ascending structure with the target at 1.2017.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating around 1.3349. Today, the pair may grow towards 1.3405 and then correct to return to 1.3349. Later, the market may resume trading upwards with the target at 1.3435.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 75.60 without any particular direction. Possibly, today the pair may fall to reach 75.00 and then start a new correction towards 75.40. After that, the instrument may resume moving downwards with the first target at 74.55.

USDJPY, “US Dollar vs Japanese Yen”

After breaking 104.00 to the downside, USDJPY is expected to continue trading downwards to reach 103.30 and may later start another correction to return to 104.00. After that, the instrument may form a new descending wave with the target at 102.50.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still falling to reach 0.9051. Later, the market may start another correction towards 0.9090 and then form a new descending structure with the target at 0.9040.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is growing towards 0.7377 and may later correct to reach 0.7320. After that, the instrument may start a new growth with the target at 0.7388.

BRENT

Brent is falling towards 47.33. Later, the market may form one more ascending structure to reach 49.33 and then start a new correction with the first target at 45.55.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1807.50 without any particular direction. Possibly, the metal may expand the range down to 1785.40 and then form one more ascending structure with the target at 1831.40.

BTCUSD, “Bitcoin vs US Dollar”

After completing the descending wave at 16250.00, BTCUSD is consolidating above this level. Possibly, the asset may start another growth to break 17550.00 and then continue correcting upwards to reach 18000.00. Later, the market may resume falling with the target at 15500.00.

S&P 500

The S&P index is consolidating around 3629.5. Possibly, the asset may expand the range down to 3603.0 and then form one more ascending structure with the target at 3662.2.