{"id":170834,"date":"2020-05-20T09:15:07","date_gmt":"2020-05-20T13:15:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170834"},"modified":"2020-05-20T08:09:41","modified_gmt":"2020-05-20T12:09:41","slug":"forex-technical-analysis-forecast-20-05-2020","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/forex-technical-analysis-forecast-20-05-2020\/","title":{"rendered":"Forex Technical Analysis & Forecast 20.05.2020"},"content":{"rendered":"
May 20, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

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

After completing the descending impulse at 1.0918, EURUSD is correcting towards 1.0946. Possibly, today the pair may reach this level and then form a new descending structure to break 1.0909. Later, the market may continue trading inside the downtrend with the short-term target at 1.0870.<\/p>\n

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

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

After finishing the descending impulse at 1.2235, GBPUSD has completed the correction towards 1.2275. Today, the pair may start another decline to break 1.2222 and then continue trading downwards with the short-term target at 1.2184.<\/p>\n

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

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

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USDRUB continues falling towards 72.00. Possibly, the pair may reach it and then start another correction towards 73.00. Later, the market may resume trading inside the downtrend with the target at 71.30.<\/p>\n

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

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

After finishing the descending impulse at 107.62 along with the correction towards 107.93, USDJPY is expected to fall and break 107.52. After that, the instrument may continue falling with the short-term target at 107.08.<\/p>\n

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

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

USDCHF is falling towards 0.9696. Possibly, the pair may reach this level and then start a new growth towards 0.9715, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 0.9750.<\/p>\n

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

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

After completing the descending impulse at 0.6525 along with the correction towards 0.6555, AUDUSD is expected to form one more descending impulse to break 0.6520. Later, the market may continue trading inside the downtrend with the short-term target at 0.6494.<\/p>\n

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

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

Brent is still consolidating around 35.00. Possibly, the pair may fall towards 34.00. If later the price breaks this range to the upside, the market may resume trading upwards to reach 39.00; if to the downside \u2013 start another correction with the target at 32.00.<\/p>\n

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

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

After breaking 1740.20, Gold has reached 1750.00. Possibly, today the pair may start another correction to return to 1740.20 and test it from below. After that, the instrument may form one more ascending structure with the target at 1755.00.<\/p>\n

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

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

BTCUSD is consolidating in the center of the range around 9600.00. Possibly, the pair may fall towards 9400.00 and then continue trading upwards with the target at 10150.00.<\/p>\n

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

S&P 500<\/strong><\/p>\n

The Index is correcting towards 2901.5. Later, the market may form one more ascending structure with the target at 3012.3.<\/p>\n

\"S&P<\/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 After completing the descending impulse at 1.0918, EURUSD is correcting towards 1.0946. Possibly, today the pair may reach this level and then form a new descending structure to break 1.0909. Later, the market may continue trading inside the downtrend with the short-term target at 1.0870. GBPUSD, \u201cGreat […]<\/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-170834","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170834","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=170834"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170834\/revisions"}],"predecessor-version":[{"id":170836,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170834\/revisions\/170836"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}