Friday, October 15, 2021
EURUSD remains strong in anticipation of the US statistics.
AUDUSD is forming another correctional wave to reach 50.0% fibo; in the case of USDCAD, a strong and stable rising wave has reached 61.8% fibo.
GBPUSD is about to resume growing; NZDUSD is correcting within the bullish channel, while USDRUB is testing the support level.
USDCAD is correcting; AUDUSD is testing the channel’s upside border, while USDCHF is about to resume moving upwards.
EUR and GBP are about to resume falling Among other assets discussed in the overview are JPY, CHF, AUD, Brent, Gold, and the S&P 500 Index.
Brent is heading towards 87.50, while the S&P 500 index may break the resistance and continue growing.
Thursday, October 14, 2021
AUDUSD is capitalising on the “greenback” and market players’ interest in risky assets.
EURUSD rose after the US inflation data.
Brent continues rising towards the fractal high at 87.09; in the case of the Dow Jones index, there are signs in favour of a new rising wave.
EURUSD is no longer moving within the rising channel; AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen, while USDCHF is falling within a reversal pattern.
Gold is still forming the ascending wave. Other instruments we’ll mention are EUR, GBP, JPY, CHF, AUD, Brent, and the S&P 500 index.
GOLD is trading upwards; NZDUSD continues forming the ascending wave, while GBPUSD is testing the resistance level.
USDCHF may fall and reach the support at 6/8, while XAUUSD is no longer moving within the “oversold area”.
Wednesday, October 13, 2021
The correction in GBPUSD slowed down at 23.6% fibo; in the case of EURJPY, the price is forming a new rising impulse to extend the correctional phase.
GBPUSD is making another attempt to fight the pressure.
EURUSD is consolidating in anticipation of the US inflation data.
GBPUSD is rebounding from the cloud’s upside border; NZDUSD is correcting within a Triangle pattern, while USDJPY continues trading upwards.
EURUSD is forming another correctional wave; USDJPY is testing the resistance area, while EURGBP continues trading downwards.
EUR continues moving within the downtrend, while GBP and Gold are consolidating. We’ll also talk about JPY, CHF, AUD, Brent, and the S&P 500 index.
USDJPY is trading within the “overbought area”, while USDCAD may correct to reach 2/8.