Thursday, November 14, 2019
On Thursday, the major currency pair remains under pressure because of uncertainty in the US-China trade talks.
On Thursday, AUDUSD is falling influenced by the numbers from Australia and China.
EURUSD continues moving downwards.
USDCHF is consolidating, while XAUUSD may grow to reach 3/8.
After breaking the descending channel’s upside border, USDCAD is still moving upwards; AUDUSD has broken the descending channel’s downside border.
AUDUSD is starting a new mid-term descending wave towards the low at 0.6670, while USDCAD is slowing down its growth.
AUDUSD is about to test the rising channel’s downside border; NZDUSD is testing the resistance area, while USDCAD is rebounding from Tenkan-Sen and Kijun-Sen.
Wednesday, November 13, 2019
GBPUSD is consolidating on Wednesday and waiting for a new round of statistics.
On Wednesday, NZDUSD updated its weekly highs after the Reserve Bank of New Zealand kept the key interest rate intact.
After reaching 8535.00, BTCUSD has completed the ascending structure at 8806.00, thus forming a new consolidation range.
USDJPY is correcting towards 5/8, while USDCAD may fall to reach 3/8.
GOLD continues the rising tendency, while NZDUSD is still moving upwards after completing the correction.
Both GBPUSD and EURJPY are still forming their descending corrections.
AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen; NZDUSD is rebounding from the cloud’s upside border, while USDCAD is testing the resistance area.
Tuesday, November 12, 2019
On Tuesday afternoon, USDJPY is changing direction in favor of a new correction.
Lacking any external news, GBPUSD is slowly correcting after falling earlier.
Brent is consolidating.
AUDUSD is still moving inside the “overbought area”, while NZDUSD may test the support at 7/8.
EURUSD is forming a new descending channel, while USDJPY continues growing within the ascending tendency.
AUDUSD is about to test the cloud’s downside border; NZDUSD is moving inside the ascending channel, while USDCAD is rebounding from Tenkan-Sen and Kijun-Sen.
EURUSD has almost reached its correctional targets, so it may start a new rising wave pretty soon; USDJPY continues growing, but the mi-term divergence indicates a possible reverse.