Friday, October 22, 2021
USDJPY reached stability after a couple of days of sales.
After reaching 50.0% fibo, AUDUSD is starting a new pullback; in the case of USDCAD, the price is moving to the upside but one shouldn’t exclude a possibility of another decline.
EURUSD is correcting before further growth; XAUUSD is rebounding from the cloud, while NZDUSD continues growing within the bullish channel.
GOLD continues trading upwards; NZDUSD is testing the resistance level, while GBPUSD is correcting within the uptrend.
Gold is ready to resume growing. Among other assets discussed in the overview are EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 Index.
Brent may correct down to 2/8, while the S&P 500 index is trading within the “overbought area”.
Thursday, October 21, 2021
GBPUSD continues trading moving upwards notwithstanding short pauses.
Brent continues rising but may start a pullback really soon; in the case of the Dow Jones index, the price has tested its all-time high.
GBPUSD is growing within the bullish channel; AUDUSD is testing Tenkan-Sen and Kijun-Sen, while USDCHF is about to break a Triangle pattern.
EURUSD is testing the channel’s upside border; USDJPY is rebounding from the resistance area, while EURGBP is testing the support level.
EUR and GBP are still forming their respective ascending waves. Other instruments we’ll mention include JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
After leaving the “overbought area”, USDCHF is heading towards 5/8; in the case of XAUUSD, the price may grow and reach 4/8.
Wednesday, October 20, 2021
After reaching its 3-week high, EURUSD paused not knowing what to do.
The correction in GBPUSD has reached 50.0% fibo; in the case of EURJPY, the price is heading to break the high.
GBPUSD stopped growing; market players are analysing the statistic on prices.
EURUSD is testing Tenkan-Sen and Kijun-Sen; NZDUSD is growing within the bullish channel, while USDRUB is about to start a slight correction.
Gold and Brent are consolidating. We’ll also talk about EUR, GBP, JPY, CHF, AUD, and the S&P 500 index.
USDCAD is forming another correctional impulse; AUDUSD is testing the channel’s upside border, while USDCHF continues moving upwards.
USDJPY may reach the “overbought area”, while USDCAD is expected to break 5/8 and continue falling.