Wednesday, April 14, 2021
After testing 38.2% fibo, GBPUSD may start moving sideways; in the case of EURJPY, the price is trying to break its previous high.
EURUSD is testing the resistance level; GBPNZD is rebounding from the rising channel’s downside border, while XAGUSD is growing within the frameworks of a bullish pattern materialization.
USDCAD is forming another correction; AUDUSD continues trading towards the resistance area, while USDCHF is falling to reach the support level.
AUDUSD is actively rising due to the USD’s retreat.
USDJPY is finishing the correction, while USDCAD is expected to drop to 4/8.
USDCHF is still falling with the predicted target at 0.9191.
EURUSD rose significantly and intends to keep its positive momentum.
Tuesday, April 13, 2021
The correctional uptrend in EURUSD may continue up to 1.2037, while USDJPY is expected to attack the high again after finishing the pullback towards 23.6% fibo.
NZDUSD is about to break the channel’s downside border; USDJPY is testing the cloud, while EURCAD is correcting within a reversal pattern.
GOLD is re-testing the resistance area; NZDUSD continues trading sideways, while GBPUSD is forming another correctional wave.
Both AUDUSD and NZDUSD are moving towards their respective “oversold areas”.
GBPUSD continues the correction.
AUDUSD is falling on Tuesday; investors are clearly ready to intensify this decline.
EURUSD has been trading indistinctly for the second trading session in a row in anticipation of new drivers.
Monday, April 12, 2021
XAUUSD has re-tested 23.6% fibo, while USDCHF is falling to reach 50.0% fibo at 0.9172 after a divergence.
Early in another April week, EURUSD is a little bit retreating; investors are waiting for new catalysts.
EURUSD is rebounding from the descending channel’s upside border; GBPUSD is testing the support level, while EURGBP is about to resume growing.
EURUSD is still rebounding from the resistance area; USDJPY is finishing the correction within the ascending tendency, while EURGBP is testing another resistance level.
EURUSD is falling towards 1.1855 and may later grow to reach 1.1895, thus forming a new consolidation range between these two levels.
EURUSD is completing its correction, while GBPUSD is approaching the “oversold area”.