Friday, January 24, 2020
The convergence made Bitcoin finish the first rising wave; in case of Ethereum, the correctional uptrend is slowing down.
GOLD is still moving sideways within the rising tendency, while NZDUSD is trading close to the resistance level.
AUDUSD is about to break the support level; NZDUSD is rebounding from the cloud’s downside border, while USDCAD is testing Tenkan-Sen and Kijun-Sen.
After finishing the descending wave, EURUSD has completed the ascending impulse at 1.1058; right now, it correcting towards 1.1047.
Both EURUSD and GBPUSD may fall to reach 0/8.
On Friday morning, the major currency pair is moving close to its six weeks low and may yet resume trading downwards.
Thursday, January 23, 2020
The major currency pair is consolidating on Thursday in anticipation of the ECB’s comments and rate decision.
AUDUSD slowed down its decline; the pair is correcting thanks to some strong numbers on the employment.
The convergence is finishing the downtrend in AUDUSD; the news made USDCAD skyrocket.
BTCUSD is moving downwards.
AUDUSD is testing Tenkan-Sen and Kijun-Sen; NZDUSD is rebounding from the support area, while USDCAD is forming a strong bullish impulse.
Bulls failed to make USDCHF break the resistance at 3/8, while XAUUSD is still expected to fall towards 0/8.
EURUSD continues trading near the support level, while USDJPY has finished its decline from the ascending channel’s upside border.
Wednesday, January 22, 2020
GBPUSD is stuck inside Triangle pattern, but may break it upwards; after updating the high, EURJPY is forming a new pullback, which may be over soon.
In case of USDCAD, the sideways movement was followed by a slight growth, while AUDUSD has completed one more correction towards the support level.
AUDUSD is about to start falling and forming Head & Shoulders pattern; NZDUSD is testing the support area, while USDCAD has broken Triangle pattern.
Brent is moving downwards.
USDJPY may grow to reach 8/8, while USDCAD is expected to test 3/8.
GBPUSD moved upwards a bit thanks to the statistics on the employment, but it might be not enough to continue the momentum.