jueves, 6 de mayo de 2021
AUDUSD is trying to decide on where to move and assessing deterioration in relations with China.
Brent is rising again towards the high at 71.07, while the Dow Jones index has updated its high after breaking the consolidation range.
AUDCHF is about to break a Triangle pattern; CADCHF is moving outside the descending channel, while CHFJPY is correcting before further growth.
EURUSD is testing another support area; USDJPY continues moving within the uptrend, while EURGBP is trading sideways within the descending tendency.
EURUSD intends to keep moving downwards but is consolidating so far.
USDCHF may break 2/8 and continue moving upwards, while XAUUSD is still expected to grow and each 1812.50.
After completing the correction at 68.22, Brent is expected to grow towards 70.15 and may later start a new pullback to reach 68.00.
miércoles, 5 de mayo de 2021
GBPUSD continues trading not far from 23.6% fibo; in the case of EURJPY, the price has reached the long-term 76.0% fibo but divergence on MACD hints at a possible correction.
GBPUSD is trading without any particular trend in anticipation of the BoE meeting.
EURUSD stopped falling for a while; the market is consolidating.
EURUSD is about to break the support level; USDCAD is falling within the descending channel, while USDJPY is rebounding from Tenkan-Sen and Kijun-Sen.
USDCAD is forming a pullback within the descending tendency; AUDUSD continues rebounding from the support area, while USDCHF is reversing.
USDJPY may reach 110.15, while USDCAD is approaching the “oversold area”.
USDJPY is still consolidating around 109.29.
martes, 4 de mayo de 2021
A divergence on MACD ended the rising wave in EURUSD, so the asset may try to update the low; in the case of USDJPY, the price is approaching 61.8% fibo after a convergence on MACD.
Brent is growing within the rising channel; AUDNZD is rebounding from the cloud’s upside border, while NZDUSD is getting ready for a Head & Shoulders pattern materialization.
XAUUSD is forming another correction; NZDUSD is still reversing, while GBPUSD continues rebounding from the support area.
Both AUDUSD and NZDUSD may break 6/8 and continue trading upwards.
After completing the correction at 1.2075, EURUSD is forming another descending structure towards 1.2000.
After a couple of trading sessions of stable growth, AUDUSD is falling on Tuesday morning.
EURUSD is moving to the downside; market players are interested in the USD again.