quarta-feira, 5 de maio 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.
terça-feira, 4 de maio 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.
segunda-feira, 3 de maio de 2021
As we can see in the daily chart, after finishing the ascending wave at 63.00 and breaking this level to the upside, Brent is still forming another wave to the upside with the short-term target at 75.00.
After plunging last Friday, EURUSD reached stability and is currently consolidating.
XAUUSD is finishing the correction before resuming its growth towards 50.0% fibo, while USDCHF is starting a new rising movement after a convergence.
GBPUSD is testing the rising channel’s downside border; USDJPY is about to resume growing, while AUDUSD is falling within a Triangle pattern materialization.
EURUSD is testing the support area; USDJPY continues rebounding from the support level, while EURGBP is trading sideways.
EURUSD is expected to continue falling, while GBPUSD is also trading downwards.
GBPUSD is falling to reach 1.3764 and may later consolidate there.