Thursday, August 18, 2022
Both XAUUSD and GBPUSD are correcting, while NZDUSD is testing the support area.
GBPUSD is about to break the support level; AUDUSD has fixed below the bullish channel’s downside border, while USDCAD is testing the upside border of a reversal pattern.
The S&P 500 index is forming a new descending structure. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, Brent, and Gold.
USDCHF may rebound from 4/8 and resume falling; in the case of XAUUSD, the price is moving downwards again.
Wednesday, August 17, 2022
An important day for the BTC.
GBPUSD remains under slight pressure on Wednesday after the United Kingdom released numbers on inflation.
EURUSD remains neutral in anticipation of the FOMC Meeting Minutes.
EURUSD continues trading upwards; USDJPY is moving within the гзtrend, while EURGBP is forming a new descending impulse.
EURUSD is testing the support level; USDJPY is rebounding from the cloud’s upside border, while EURGBP is rebounding from the bullish channel’s broken border.
Brent is finishing the wave to the downside. We’ll also talk about EUR, GBP, JPY, CHF, AUD, Gold, and the S&P 500 index.
USDJPY is expected to fall and reach 4/8, while USDCAD may return to 1/8.
Tuesday, August 16, 2022
GBPUSD is falling on Tuesday; bears are getting more aggressive.
EURUSD is losing momentum; investors are interested in the safe “greenback”.
GBPUSD is about to complete the reversal pattern; XAUUSD is testing the bullish channel’s downside border, while USDCAD is rebounding from the cloud’s upside border.
USDCAD is testing the resistance level; AUDUSD is rebounding from the support area, while USDCHF is still correcting.
GBP may continue forming its descending structure. EUR, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index are also covered in the overview.
AUDUSD may drop to 6/8, while NZDUSD is expected to break the support and continue falling.