Forex Technical Analysis & Forecast 08.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

November 8, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After breaking 1.1060, EURUSD has reached the short-term downside target at 1.1036. Today, the pair may grow to return to 1.1060 and then resume falling to reach 1.1027. After that, the instrument may start a new correction with the target at 1.1077.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”


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GBPUSD has reached 1.2800. Possibly, today the pair may resume trading upwards with the target at 1.2850. Later, the market may form a new descending structure towards 1.2765.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has expanded the consolidation range towards 0.9974; right now, it is falling to reach 0.9938. After that, the instrument may start another growth with the target at 0.9980.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished another ascending structure towards 109.47, thus forming Divergent Triangle pattern; right now, it is falling to reach 109.10. Alter, the market may form one more ascending structure towards 109.58 and then trade downwards with the target at 107.04.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards to reach 0.6844. After that, the instrument may start a new growth with the target at 0.6898.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 63.50; right now, it is forming Triangle pattern near the lows. If later the pair breaks this pattern to the upside, the instrument may continue the correction towards 64.64; if to the downside – resume trading inside the downtrend with the target at 62.00.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving upwards. Possibly, the pair may reach 1.3197 and then start another decline to break 1.3155. After that, the instrument may continue trading downwards with the target at 1.3104.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After breaking 1481.00, Gold has completed the correction at 1464.50. Today, the pair may trade upwards to reach 1479.00 and then continue the correction with the target at 1447.40.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After completing the descending impulse and then the correction at 63.22, Brent has broken the correctional channel; right now, it is consolidating around 62.50. Possibly, today the pair may fall towards 61.95. If later the price breaks this level, the market may continue trading downwards with the short-term target at 60.70.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

After reaching 9070.00, BTCUSD is growing towards the first target at 9325.00. In fact, the market is expected to start a new ascending structure to reach 9600.00.

BITCOIN

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.