Forex Technical Analysis & Forecast 30.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD has expanded the consolidation range towards 1.1117; in fact, the entire range may be considered as a correction. Possibly, the pair may choose an alternative scenario to continue the correction towards 1.1122. According to the main scenario, the price is expected to form a new descending structure to reach 1.1086, which may later be followed by a new grow towards 1.1102 and then further decline with the target at 1.1033.
GBPUSD, “Great Britain Pound vs US Dollar”
After finishing the correction at 1.2900, GBPUSD has finished the descending impulse; right now, it is consolidating. Possibly, the pair may break 1.2838 and then continue trading downwards with the target at 1.2800. Later, the market may break this level as well and continue its decline towards 1.2704.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the correction at 0.9933; right now, it is moving upwards with the target at 0.9955. After that, the instrument may start a new decline towards 0.9944 and then form one more ascending structure to reach the key target at 0.9977.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the descending impulse at 108.77; right now, it is consolidating. If later the price breaks this range to the downside, the market may continue the correction with the target at 108.51; if to the downside – start another growth to reach 109.33.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.6860. Possibly, today the pair may expand the range towards 0.6844. Later, the market may resume moving upwards to reach 0.6877 and then continue trading inside the downtrend with the target at 0.6800.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the correction at 64.00. Today, the pair may fall to break 63.63 and then continue trading inside the downtrend with the target at 63.33.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD has finished the ascending impulse at 1.3080; right now, it is consolidating around it. Possibly, the pair may continue the correction to reach 1.3131 and then start another decline with the target at 1.3030.
XAUUSD, “Gold vs US Dollar”
Gold has broken the consolidation range downwards. Possibly, today the pair may fall with the short-term target at 1478.28 and then start a new growth towards 1492.80. After that, the instrument may continue trading inside the downtrend with the first target at 1468.36.
BRENT
Brent has finished the ascending impulse at 61.94; right now, it is correcting towards 61.27. Later, the market may form one more ascending structure to reach 62.22 and then resume trading downwards with the target at 61.75. After that, the instrument may start another growth with the short-term target at 62.89.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD is consolidating above 9060.00. Possibly, the pair may break 9500.00 to the upside and then continue trading inside the uptrend towards 9900.00. The key target of this ascending structure is at 10800.00.
