Friday, October 23, 2020
After a short pause, USDJPY is falling again of Friday; investors are still interested in “safe haven” assets.
After updating its important high, Bitcoin is heading towards the key one at 13857.20, while Ethereum is trying to rise towards its significant high at 488.68.
BTCUSD is correcting within a Triangle pattern; EURUSD is about to resume falling, while USDJPY is testing the cloud’s downside border.
USDCAD is still correcting within the downtrend; AUDUSD continues moving to reach the channel’s upside border, while USDCHF is still rebounding from the support level.
Brent is expected to re-test 43.77, while S&P 500 continues trading upwards with the target at 3515.4.
GBPUSD is falling towards 1.3043.
Thursday, October 22, 2020
On Thursday afternoon, EURUSD remains strong; expectations of a new stimulus package in the USA put pressure on the USD.
AUDUSD is ready to consolidate, while USDCAD is starting new growth.
GBPUSD is about to resume growing; USDCAD is correcting within a reversal pattern, while USDJPY is rebounding from Tenkan-Sen and Kijun-Sen.
GOLD is testing the rising channel’s downside border again; NZDUSD is testing the channel’s upside border, while GBPUSD continues moving within the uptrend.
USDCHF may correct towards 0.9129, while XAUUSD is expected to continue growing.
After completing another ascending structure at 1.1880, EURUSD is forming a new descending impulse.
Wednesday, October 21, 2020
GBPUSD is rising pretty well in the middle of the week influenced by stable statistics.
EURUSD rose yesterday influenced by the talks about a stimulus package in the USA.
GBPUSD is stuck between 23.6% and 50.0% fibo, while EURJPY is forming a new rising impulse and may update the high.
GBPUSD is about to start a strong rising movement; USDJPY has broken the ascending channel, while USDZAR is falling within the frameworks of a Triangle pattern materialization.
EURUSD is still rebounding from the support level; USDJPY continues falling towards the support area, while EURGBP is testing the resistance area.
Bears are making another attempt to drop USDJPY, while USDCAD is heading towards 1.3000.
The S&P index is consolidating around 3455.0.