Forex Technical Analysis & Forecast 23.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

24th November 2018 Off By binary
Forex Technical Analysis & Forecast 23.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD hasn’t been able to the lows and right now is trading upwards. Possibly, the pair may choose an alternative scenario to form one more ascending wave with the target at 1.1500. Today, the price may form this wave by growing towards 1.1478, returning to 1.1433, and then reaching the above-mentioned target. After that, the instrument may resume trading inside the downtrend with the first target at 1.1276.

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”

GBPUSD may choose an alternative scenario to grow with the target at 1.2973. Today, the pair may trade upwards to reach 1.2950, fall towards 1.2888, and then start another growth to return to the above-mentioned target. Later, the market may resume falling to reach 1.2650, at least.

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 is consolidating around 0.9945. If later the instrument breaks this range to the upside, the price may reach 0.9977; if to the downside – form a new descending structure towards 0.9888 and then resume trading inside the downtrend with the first target at 1.0007.

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 completed the first ascending structure. Possibly, today the price may start a new correctional decline towards 112.70 and then form one more ascending structure to reach 113.40.

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 consolidating around 0.7249. If later the instrument breaks this range to the upside, the price may choose an alternative scenario to reach 0.7333; if to the downside – resume trading inside the downtrend towards 0.7000. The short-term target is at 0.7187.

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 consolidating above 65.75. Possibly, today the price may form a new descending structure towards 65.37 and then resume growing to reach 65.76. If later the instrument breaks this range to the downside, the price may continue falling inside the downtrend with the short-term target at 63.43; if to the upside – start a new correction towards 66.50 and then resume trading towards the above-mentioned target.

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

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, the price may choose an alternative scenario to reach 1233.35. After that, the instrument may fall towards 1226.74 and then start another growth to reach 1235.25. In fact, the pair may form the fifth ascending wave with the target at 1252.30. Considering that the correction was a three-wave structure, the price may start plummeting towards 1190.00 at any moment and then start forming the fifth wave described above. Later, the market may resume falling to reach 1110.00.

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

BRENT

Brent is trading downwards. Today, the price may reach 61.40 and then resume growing towards 62.57. Later, the market may start a new decline with the target at 60.60. After that, the instrument may form a reversal pattern for a new ascending wave with the first target at 68.88.

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

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.

Read more and Click Here To Get Started