Friday, January 22, 2021
GBPUSD is correcting a bit on Friday after skyrocketing yesterday. However, the pair is clearly intending to keep its positive momentum.
Bearish pressure made both Bitcoin and Ethereum form their respective correctional channels.
BTCUSD is testing Tenkan-Sen and Kijun-Sen; USDRUB is about to break a Triangle pattern, while USDJPY is correcting before new growth.
GOLD is testing another resistance level; NZDUSD continues the correctional wave, while GBPUSD is correcting within the uptrend.
After completing the ascending wave at 3866.7, the S&P index is correcting towards 3837.0.
Brent may complete the correction at 7/8, while the S&P 500 index is trying to update its all-time highs again.
Thursday, January 21, 2021
USDJPY started moving downwards yesterday and this decline is looking quite confident today.
AUDUSD is growing after completing another pullback, while USDCAD keeps updating its lows.
EURUSD is about to break a Triangle pattern, XAUUSD is trading inside the cloud, while AUDUSD is growing within the rising channel.
EURUSD is forming another ascending impulse; USDJPY continues moving downwards within the descending channel, while EURGBP is rebounding from the support area again.
USDCHF is still expected to fall towards 2/8, while XAUUSD may grow to reach the target at 1906.62.
Brent has finished the ascending wave at 56.47.
Wednesday, January 20, 2021
GBPUSD is approaching the highs after finishing a short-term pullback; in the case of EURJPY, the price has completed a correction after a divergence on MACD and is about to resume growing.
GBPUSD has been slowly rising for the fourth consecutive trading session.
EURUSD is trying to keep its positive momentum; the “greenback” is retreating in anticipation of a new stimulus package.
ETHUSD is rebounding from the cloud’s downside border; NZDUSD is correcting within a Triangle pattern, while USDCHF is about to resume falling.
USDCAD continues moving downwards; AUDUSD is forming another rising wave, while USDCHF is still rebounding from the channel’s upside border.
Bulls are trying to start a new uptrend in USDJPY, while USDCAD is returning to the “oversold area”.
USDJPY has finished the descending wave at 103.76. Today, the pair may consolidate around this level.