Wednesday, April 21, 2021
After testing 38.2% fibo, GBPUSD is forming a new rising impulse to reach the high; in the case of EURJPY, the price is about to fall after breaking its previous high.
USDRUB is rebounding from the descending channel’s upside border, NZDJPY is testing the cloud, which EURCHF is correcting within a Triangle pattern.
GOLD continues the ascending tendency; NZDUSD is correcting, while GBPUSD is finishing the pullback within the uptrend.
USDJPY may break 2/8 and continue falling, while USDCAD is approaching 8/8.
USDJPY is still consolidating around 108.20.
After updating its March highs, GBPUSD is retreating and waiting for the news.
Tuesday, April 20, 2021
It seems like EURUSD is forming a wave to the upside to update the high, while USDJPY continues trading within the downtrend towards 38.2% fibo.
EURAUD is about to fall within a reversal pattern; EURJPY is correcting before breaking a Triangle pattern, while XAGUSD is rebounding from Tenkan-Sen and Kijun-Sen.
EURUSD is forming a correctional impulse; USDJPY is testing another support level, while EURGBP continues the correction within the downtrend.
AUDUSD is approaching the “overbought area”, while NZDUSD is moving towards 7/8.
After rebounding from the support area at 1.1944, EURUSD has broken its consolidation range to the upside; right now, it is expected to continue growing towards 1.2100.
EURUSD is quickly rising amid the low US bond yield.
USDJPY continues falling on Tuesday; the Yen is clearly intending to update its local lows.
Monday, April 19, 2021
XAUUSD is steadily rising, while USDCHF is falling to reach 50.0% fibo at 0.9116.
Early in another April week, EURUSD is keeping its positive momentum.
XAUUSD is growing within the rising channel; NZDUSD is rebounding from Tenkan-Sen and Kijun-Sen, while AUDCHF is correcting before resuming its growth towards 0.7325.
USDCAD is forming another descending wave; AUDUSD continues trading upwards, while USDCHF is falling to reach the support level.
EURUSD is correcting towards 3/8, while GBPUSD may break a similar level and continue trading upwards.
GBPUSD has completed the ascending wave at 1.3830; right now, it is still moving upwards.