Forex Technical Analysis & Forecast 28.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
After breaking 1.1077 to the downside and reaching 1.0992, EURUSD has completed the correction to return to 1.1080. Possibly, the pair may fall to break 1.0996 and then continue trading inside the downtrend with the short-term target at 1.0984.
GBPUSD, “Great Britain Pound vs US Dollar”
After forming the consolidation range below 1.2889, GBPUSD has broken it to the upside and may form a wider consolidation range at on longer timeframes. Today, the pair may form one more ascending structure to reach 1.2952 and then start a new decline towards 1.2921, at least. After that, the instrument may continue trading upwards with the target at 1.2962.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the predicted upside target at 0.9999; right now, it is falling to reach 0.9974. Possibly, the pair may consolidate near the current highs. If later the price breaks this range to the downside, the market may start a new correction with the target at 0.9932.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the upside target at 109.60; right now, it is falling with the target at 109.25. Later, the market may resume growing towards 109.42, thus forming another consolidation range. If later the price breaks this range to the downside, the market may start a new correction with the first target at 108.88.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached its downside target at 0.6760. Considering the structure of the fifth wave, the pair is expected to extend it down to 0.6750. Later, the market may form the first ascending impulse with the target at 0.6792.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has rebounded from 63.89; right now, it is growing to reach 64.17. After that, the instrument may form a new descending structure to break 63.89 and then continue trading inside the downtrend with the target at 63.61.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has returned to 1.3290. Possibly, today the pair may fall to reach 1.3276 and then form a new consolidation range below this level. If later the price breaks this range to the downside, the market may resume trading inside the downtrend towards 1.3259 or even 1.3230; if to the upside – continue the correction with the target at 1.3317.
XAUUSD, “Gold vs US Dollar”
Gold is forming the fifth descending wave towards 1444.00. Today, the pair may rebound from 1457.40 and fall to reach 1447.00. Later, the market may start another growth towards 1453.15 and then continue falling with the target at 1444.00.
BRENT
Brent has completed the ascending wave at 64.35; right now, it is correcting towards 62.97. Possibly, the pair may reach this level and then start another growth towards 63.75, thus forming another consolidation range. If later the price breaks this range to the upside, the market may resume trading inside the uptrend with the target at 65.50; if to the downside – continue the correction to reach 62.00.
BTCUSD, “Bitcoin vs US Dollar”
After finishing the correction at 6930.00, BTCUSD continues forming the third ascending wave; right now, it is consolidating around 7400.00. Today, the pair may break the range to the upside and continue trading upwards to reach 7970.00. Later, the market may start a new correction to return to 7400.00 and then form one more ascending structure with the first target at 8300.00.
