lunes, 13 de julio de 2020
Early in another week of July, the major currency pair is rising but the market activity is quite limited.
XAUUSD is still moving upwards but a pullback may start quite unexpectedly; in the case of USDCHF, after breaking the low the price continues falling.
GBPUSD is growing within the rising channel; XAGUSD is testing the resistance level, while USDJPY is rebounding from Tenkan-Sen and Kijun-Sen.
USDCAD is rebounding from the resistance level again; AUDUSD continues growing within the rising channel, while USDCHF is returning to the support level.
EURUSD may yet trade downwards, while GBPUSD is approaching the “overbought zone”.
After breaking 3180.1 to the upside, the Index may continue growing towards 3240.5.
viernes, 10 de julio de 2020
The major currency pair is once again retreating on Friday; investors require “safe haven” assets.
The situations in both Bitcoin and Ethereum haven’t changed much: in the short-term, they are expected to move downwards.
USDCAD is testing the resistance area; EURGBP is correcting within a Triangle pattern, while GBPNZD is about to resume falling.
GOLD is forming another correction within the rising tendency; NZDUSD is correcting again, while GBPUSD has broken the descending channel’s upside border.
BTCUSD is falling towards 9099.00.
Brent remains under pressure and may continue falling, while S&P 500 is still trading inside the “overbought area”.
jueves, 9 de julio de 2020
USDJPY is moving upwards on Thursday afternoon but market players trust in the “safe haven” Yen.
The situations in both AUDUSD and USDCAD haven’t changed much over the week.
EURUSD continues the ascending tendency; USDJPY is still rebounding from the resistance level, while EURGBP is about to complete the correction within the uptrend.
XAUUSD is growing inside the rising channel; EURUSD is testing the resistance area, while AUDNZD is rebounding from Tenkan-Sen and Kijun-Sen.
After reaching 1800.00 and forming an upside continuation pattern around this level, Gold has broken it upwards to extend the wave up to 1817.80.
USDCHF may trade to reach the downside target at 0/8, while XAUUSD is expected to continue growing.