Wednesday, September 30, 2020
GBPUSD slowed down its growth; investors are assessing the statistics.
Both GBPUSD and EURJPY rebounded from their respective support areas at 38.2% fibo but may yet resume trading downwards.
USDJPY is falling on Wednesday morning; the feverish demand for the USD slowed down.
EURUSD is rebounding from the cloud’s border; USDCAD is about to break a Triangle pattern, while AUDCHF is falling within the descending channel.
EURUSD is rebounding from the descending channel’s upside border; USDJPY is correcting within the rising tendency, while EURGBP is still rebounding from the support area.
After completing the descending structure at 41.20, Brent is expected to grow towards 43.00.
Tuesday, September 29, 2020
EURUSD slowed down its rising correction and is waiting for the news.
EURUSD is about to start a correction to the upside, while USDJPY is reversing upwards.
USDCAD is still moving upwards; AUDUSD is correcting from the support area, while USDCHF is completing the correction within the rising tendency.
AUDUSD is testing Tenkan-Sen and Kijun-Sen; Brent is about to break a Triangle pattern, while USDCHF is growing within the rising channel.
USDRUB is still moving upwards. Today, the pair may reach 79.34 and then form a new descending structure towards 77.97.
GBPUSD is reaching stability on Tuesday after rising the day before.
Monday, September 28, 2020
The situation in EURUSD hasn’t significantly changed by Monday; the Euro remains weak.
After breaking a Triangle pattern, XAUUSD is expected to continue falling, while USDCHF is forming a new rising wave after a convergence.
NZDUSD is rebounding from Tenkan-Sen and Kijun-Sen; USDCAD is correcting within a Triangle pattern, while USDRUB is testing the channel’s upside.
After breaking 1.1640 and reaching the short-term downside target, EURUSD is expected to grow and test 1.1640 from below.
EURUSD is rebounding from the descending channel’s downside border; USDJPY is correcting within the rising tendency, while EURGBP is once again testing the support area.