Thursday, September 16, 2021
Brent is heading towards the high at 77.48, while the Dow Jones index has re-tested 38.2% fibo.
AUDUSD remains under slight pressure and continues falling.
EURUSD is “hovering”; the major currency pair is barely moving.
USDCHF is rebounding from the cloud; AUDUSD is testing the resistance level, while USDJPY is falling within the bearish channel.
USD is strengthening against EUR and GBP, while the S&P 500 index may start a new descending wave. Other instruments we’ll mention are JPY, CHF, AUD, Brent, and Gold.
GOLD is still testing the support level; NZDUSD is about to start another rising impulse, while GBPUSD is forming a correctional wave within the uptrend.
Bulls will once again attempt to push USDCHF past 6/8, while XAUUSD is still expected to fall towards 4/8.
Wednesday, September 15, 2021
EURUSD keeps saving strengths while expecting the news.
GBPUSD is gaining weight; no one is concerned about inflation.
GBPUSD is trying to grow and reach 61.8% fibo, while EURJPY is forming another descending wave.
EURUSD is testing Tenkan-Sen and Kijun-Sen; USDJPY is about to resume falling, while USDCAD is rebounding from the upside border of a Triangle pattern.
EURUSD continues forming another rising wave; USDJPY is still testing the support area, while EURGBP is testing the resistance level.
Gold may update its high, while EUR and GBP are correcting their ascending waves. We’ll also talk about JPY, CHF, AUD, Brent, and the S&P 500 index.
USDJPY is approaching the “oversold area”, while USDCAD may grow and reach 5/8.
Tuesday, September 14, 2021
The British Pound is rising on Tuesday afternoon after the United Kingdom reported on the employment.
EURUSD found support and is consolidating while waiting for news.
The current decline in EURUSD may break the low but it’s just a threat; in the case of USDJPY, the price is still consolidating above 23.6% fibo.
AUDUSD is about to resume falling; Brent is rebounding from the descending channel’s upside border, while USDCHF is testing the resistance level.
EUR and GBP continue trading upwards, while Gold is still consolidating. JPY, CHF, AUD, Brent, and the S&P 500 index are also covered in the overview.
USDCAD is forming the rising impulse; AUDUSD is testing the support level, while USDCHF is forming another correctional wave.
AUDUSD is returning to 3/8, while NZDUSD may reach the resistance at 6/8.