Friday, February 21, 2020
USDJPY has been rising pretty much for the last couple of trading sessions; it is trading close to the highs of April 2019.
After reaching 50.0% fibo, Bitcoin weakened a little bit; Ethereum is entering a correctional Triangle pattern.
EURUSD continues falling towards -1/8, while bulls are making another attempt to push GBPUSD upwards.
EURUSD continues testing the channel’s downside border; USDJPY has completed a solid growth within the ascending tendency, while EURGBP is rebounding from the resistance level.
After updating the low at 1.0777 and returning to 1.0814, EURUSD has broken 1.0797 once again; right now, it is consolidating below this level.
AUDUSD is moving inside the descending channel; NZDUSD is about to test Tenkan-Sen and Kijun-Sen, while USDCAD is rebounding from the cloud’s downside border.
Thursday, February 20, 2020
The statistics made AUDUSD plummet towards its new bottom.
The major currency pair is back to falling after a short pause last night.
AUDUSD, overcoming the long-term low, keeps developing a downtrend; USDCAD is still correcting.
The pair has formed a consolidation area around 110.10 and broken it out upwards. The market has made a measured movement to 111.50.
USDCAD has started executing the signal from the reversal pattern. AUDUSD keeps developing its descending dynamics. USDCHF keeps testing the support line.
AUDUSD is declining, executing the Triangle pattern. NZDUSD is testing the support are. USDCAD is pushing off the signal lines of the indicator.
USDCHF and GOLD are heading for 8/8
Wednesday, February 19, 2020
On Wednesday, GBPUSD keeps declining after a short consolidation.
The main currency pair remains under pressure Wednesday morning, sellers are active.
GBPUSD is in a short-term correctional phase, after which a new wave of decline is to be expected. The downtrend of EURJPY has reached 61.8% Fibo and keeps developing.
The pair has reached the local goal of another structure of growth - 0.9836. Today, the market is trading in the consolidation area around the level 0.9829.
GOLD keeps developing ascending dynamics. NZDUSD is testing the horizontal support level again. GBPUSD keeps trading at the support level.
USDJPY quotations may rise to 7/8. USDCAD is traded at 5/8.
AUDUSD is testing the lower border of the Triangle pattern, NZDUSD is preparing to break out the support area, USDCAD is pushing off the Cloud.