September 27, 2020

Technical analysis on GBPUSD, EURUSD, GOLD and BTCUSD on 10/14/19

Good afternoon dear friends!

A new week has begun and, as usual, I have prepared several forecasts for you. Today, we will consider the situation with such trading instruments as GBPUSD, EURUSD, GOLD and BTCUSD.

EURUSD

Well, let's start with EURUSD.

As we can see on the chart, the price slightly did not reach the resistance level of 1.1066 and turned down.

I am now forecasting that EURUSD will eventually fall to support level 1.1. And already from him, he will try to reach the resistance level of 1.1066 again.

Technical analysis on GBPUSD, EURUSD, GOLD and BTCUSD on 10/14/19

GBPUSD</p>

GBPUSD exited an important falling channel, while making a powerful impulse.

As we see on the chart, now the price has formed a new channel, but already growing.

Now the price is moving to three (!) support lines and support level 1.257. I think this is a great opportunity to look for purchases from there. And the goal of these purchases will be the resistance line, which is located near the resistance level of 1.2777

Technical analysis on GBPUSD, EURUSD, GOLD and BTCUSD on 10/14/19

Gold

</strong>The next forecast for gold came true.

Now gold is in the falling channel and the price is located at the resistance level of 1488.

I predict that from where the price will start to fall to the level of 1474 and after a small pullback upwards, the price will continue to fall, to about the level of 1460

Technical analysis on GBPUSD, EURUSD, GOLD and BTCUSD on 10/14/19

BTCUSD

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And finally, we have BTCUSD.

As you can see, the price reached the goal that we identified in the previous forecast - support level 8241.

Now I predict that the price will go up and reach the level of 8500.

Technical analysis on GBPUSD, EURUSD, GOLD and BTCUSD on 10/14/19

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And for today, dear friends, that’s it!

Good trading and profit to all!