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Forex Technical Analysis Forecast 18.10.2021

EURUSD, Euro vs US DollarAfter breaking 1.1585 to the downside, EURUSD is expected to consolidate around this level. Later, the market may break the range to the downside and form a new descending structure with the shortterm target at 1.1555. After that, the instrument may start another growth to test 1.1585 from below and then resume falling to reach 1.1545.GBPUSD, Great Britain Pound vs US DollarAfter breaking 1.3734 to the downside, GBPUSD is falling to reach 1.3704 and may later start another growth to test 1.3734 from below. After that, the instrument may resume trading downwards with the first target at 1.3691.USDRUB, US Dollar vs Russian RubleUSDRUB has finished another descending wave at 70.90. Today, the pair may grow to reach 71.06 and then resume falling within the downtrend with the target at 70.50.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending wave at 114.44. Today, the par may form a new consolidation range below this level. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 115.30; if to the downside start a new correction towards 113.36.USDCHF, US Dollar vs Swiss FrancUSDCHF continues growing towards 0.9272 and may later start a new correction to reach 0.9232. After that, the instrument may form one more ascending structure with the target at 0.9303.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the descending impulse at 0.7404 along with the correction towards…

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