Friday, January 17, 2020
Bitcoin is rising, but this movement should be considered as an ascending correction; in case of Ethereum, the correction is gaining momentum.
USDRUB continues consolidating around 61.50.
AUDUSD is about to break the support level; NZDUSD is testing the cloud, while USDCAD is correcting inside Triangle.
USDCAD continues moving sideways, while AUDUSD has completed anther correction close to the rising channel’s downside border.
On Friday, the major currency pair can’t decide where to move; this week has been pretty nervous.
EURUSD continues consolidating, while GBPUSD is trading towards 5/8.
Thursday, January 16, 2020
GBPUSD continues recovering, but this process is quite slow.
On Thursday morning, the major currency pair is intending to rise, but unsuccessfully so far.
In case of AUDUSD, the correction is very slow; USDCAD is correcting sideways.
GOLD is still correcting within the rising tendency, while NZDUSD continues trading inside the downtrend.
AUDUSD is about to break the cloud’s downside border; NZDUSD is testing the channel’s upside border, while USDCAD is stuck inside Triangle.
After completing the correction at 0.6880 and breaking the correctional channel, AUDUSD is moving upwards to reach 0.6924.
USDCHF continues trading inside the downtrend, while XAUUSD may fall to reach 0/8.
Wednesday, January 15, 2020
USDJPY updated its multiweek highs due to investors’ reduced interest in “safe haven” assets.
GBPUSD is moving towards the local low; after testing the mid-term support and failing to continue its decline, EURJPY is trading to attack the highs.
USDJPY is forming the second descending impulse.
USDJPY may test 7/8, while USDCAD is correcting towards 3/8.
EURUSD continues trading near the rising channel’s downside border, while USDJPY is testing the ascending channel’s upside border.
AUDUSD is correcting before a new decline; NZDUSD is moving downwards, while USDCAD is rebounding from the cloud’s upside border.