{"id":157687,"date":"2019-10-16T09:44:57","date_gmt":"2019-10-16T13:44:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157687"},"modified":"2019-10-16T06:44:39","modified_gmt":"2019-10-16T10:44:39","slug":"forex-technical-analysis-forecast-16-10-2019-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-usdcad-gold-brent-btcusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/forex-technical-analysis-forecast-16-10-2019-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-usdcad-gold-brent-btcusd\/","title":{"rendered":"Forex Technical Analysis & Forecast 16.10.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)"},"content":{"rendered":"
October 16, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EURUSD, \u201cEuro vs US Dollar\u201d<\/strong><\/p>\n

EURUSD has completed the first descending wave along with the correction at 1.1042; right now, it is consolidating around 1.1030. Possibly, the pair may fall towards 1.1031 and then grow to return to 1.1030. If later the price fall and breaks this range to the downside, the market may resume trading downwards to break 1.0998. After that, the instrument may continue moving inside the downtrend with the predicted target at 1.0955.<\/p>\n

\"EURUSD\"
\n\"Risk<\/p>\n

GBPUSD, \u201cGreat Britain Pound vs US Dollar\u201d<\/strong><\/p>\n

GBPUSD is moving upwards; Possibly, today the pair may extend this wave towards 1.2811 and complete it. After that, the instrument may form a new descending structure with the first target at 1.2515.<\/p>\n

\"GBPUSD\"
\n\"Risk<\/p>\n

USDCHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>

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USDCHF is consolidating around 0.9978. Possibly, the pair may start a new correction to the downside to reach 0.9962 and then resume trading upwards with the target at 1.0024.<\/p>\n

\"USDCHF\"
\n\"Risk<\/p>\n

USDJPY, \u201cUS Dollar vs Japanese Yen\u201d<\/strong><\/p>\n

USDJPY has reached the predicted upside target; right now, it is forming a new descending impulse towards 108.44. Later, the market may start another growth to reach 109.00 and then resume trading downwards with the first target at 108.30.<\/p>\n

\"USDJPY\"
\n\"Risk<\/p>\n

AUDUSD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

AUDUSD is falling to reach 0.6723. After that, the instrument may form one more ascending structure towards 0.6760 and then start a new decline with the target at 0.6700.<\/p>\n

\"AUDUSD\"
\n\"Risk<\/p>\n

USDRUB, \u201cUS Dollar vs Russian Ruble\u201d<\/strong><\/p>\n

USDRUB continues consolidating around 64.22. If later the price breaks this range to the upside at 64.44, the instrument may start another growth to reach 64.70; if to the downside at 64.22 \u2013 continue trading inside the downtrend with the target at 63.88.<\/p>\n

\"USDRUB\"
\n\"Risk<\/p>\n

USDCAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/strong><\/p>\n

USDCAD has finished the correction. Today, the pair may continue the wave towards 1.3257 and then start another correction with the target at 1.3214.<\/p>\n

\"USDCAD\"
\n\"Risk<\/strong><\/p>\n

XAUUSD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

Gold has completed the descending impulse at 1478.65; right now, it is correcting towards 1488.13. Possibly, the pair may fall towards 1470.90 and then resume trading upwards to return to 1478.60. Later, the market may continue trading inside the downtrend with the predicted target at 1459.33.<\/p>\n

\"GOLD\"
\n\"Risk<\/p>\n

BRENT<\/strong><\/p>\n

Brent has finished the ascending impulse at 59.60; right now, it is correcting towards 58.53. After that, the instrument may start a new growth to break 59.70 and then continue trading upwards with the first target at 61.25.<\/p>\n

\"BRENT\"
\n\"Risk<\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

BTCUSD has completed the descending wave at 8060.00. Possibly, today the pair may form one more ascending structure to reach 8433.00 and then resume falling towards 8240.00. If later the price breaks this range to the upside, the market may continue trading inside the uptrend towards 9000.00; if to the downside \u2013 start another decline with the target at 7700.00.<\/p>\n

\"BITCOIN\"<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EURUSD, \u201cEuro vs US Dollar\u201d EURUSD has completed the first descending wave along with the correction at 1.1042; right now, it is consolidating around 1.1030. Possibly, the pair may fall towards 1.1031 and then grow to return to 1.1030. If later the price fall and breaks this range to the downside, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-157687","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=157687"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157687\/revisions"}],"predecessor-version":[{"id":157691,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157687\/revisions\/157691"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}