Tuesday, January 28, 2020
On Tuesday, GBPUSD is retreating under market pressure in anticipation of the Brexit.
The major currency pair continues falling; nothing has changed on the market.
The descending correction in EURUSD is slowing down, while USDJPY is forming a mid-term wave to the downside.
EURUSD continues falling towards the support level, while USDJPY is moving near the ascending channel’s downside border.
AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen; NZDUSD is moving downwards, while USDCAD is about to start a new descending correction.
USDCHF is moving upwards.
AUDUSD is trading inside the “oversold area”, while NZDUSD may fall to reach 0/8.
Monday, January 27, 2020
Investors require “safe haven” assets, thus increasing demand for the USD.
In case of USDCAD, the sideways movement was followed by a slight growth, while AUDUSD has completed one more correction towards the support level.
XAUUSD is trading upwards and may update the high, while the correction in USDCHF is moving very slowly.
After forming another consolidation range around 1.3094, GBPUSD has broken it to the downside.
Both EURUSD and GBPUSD may continue falling to reach 0/8.
AUDUSD is moving downwards; NZDUSD is about to break the support area, while USDCAD is rebounding Tenkan-Sen and Kijun-Sen.
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.