Wednesday, August 5, 2020
GBPUSD is trying to rise but the impulse isn’t strong enough.
GBPUSD is approaching the long-term 61.8% fibo, while EURJPY has broken its previous high.
XAUUSD is rebounding from Tenkan-Sen and Kijun-Sen; USDZAR is correcting within a reversal pattern, while USDCHF is about to resume falling.
USDJPY may grow to reach 5/8, while USDCAD is expected to fall towards 0/8.
After rebounding from 3284.4, the S&P index is expected to continue growing.
On Wednesday morning, EURUSD is still rising; investors are interested in risks.
Tuesday, August 4, 2020
EURUSD is falling after reaching 61.8% fibo, while USDJPY has reached the resistance area at 106.45 after the convergence.
USDCAD is falling within a reversal pattern; GBPJPY is rebounding from Tenkan-Sen and Kijun-Sen, while CADCHF is testing the resistance level.
Tuesday starts with new growth in the major currency pair.
Both AUDUSD and NZDUSD may fall to reach 3/8.
After breaking 43.70 and then reaching 44.44, Brent is falling to test the former level from above.
On Tuesday morning, AUDUSD is slowly rising amid a quite external background.
Monday, August 3, 2020
After skyrocketing in July, EURUSD is consolidating.
In the case of XAUUSD, MACD is forming a divergence to indicate a possible correction soon, while the downtrend in USDCHF has reached the long-term 38.2% fibo.
XAUUSD is rebounding from the upside border of a Triangle pattern; USDJPY is testing the cloud, while BRENT is about to fall within a reversal pattern.
After completing the ascending wave at 73.90, USDRUB is expected to consolidate around this level.
Both EURUSD and GBPUSD may continue their respective corrections today.