Wednesday, February 24, 2021
EURUSD has reached stability by Wednesday and is waiting for new catalysts to get stronger.
GBPUSD has easily broken 1.40 and continues moving upwards, while EURJPY is approaching the long-term 61.8% fibo at 128.68.
NZDUSD is growing within the rising channel; USDJPY is correcting and forming a Head & Shoulders pattern, while USDRUB is about to break an important support area.
EURUSD continues testing the resistance level; USDJPY is forming another rising wave, while EURGBP is testing another support level.
USDJPY has completed the correction and may resume growing; in the case of USDCAD, the price is expected to drop to 1/8.
After completing the descending structure at 104.92, USDJPY has returned to 105.38; right now, it is consolidating around the latter level.
Tuesday, February 23, 2021
EURUSD is decisive to rise to at least 1.2254, USDJPY is pulling back upon renewing the peak.
GBPUSD rose to new highs and keeps growing.
EURUSD goes on growing, reaching the month’s highs.
AUDUSD is getting ready to test a broken channel border; EURJPY is correcting inside a Triangle, USDCHF is pushing off the upper border of the Cloud.
USDCAD is forming a bounce off the support line; AUDUSD is preparing to continue the uptrend, USDCHF keeps developing the uptrend.
Both AUDUSD and NZDUSD need correcting.
GBPUSD performed a wave of growth to 1.4060 and is forming a compact consolidation range around this level.
Monday, February 22, 2021
XAUUSD is preparing a pullback after a test of the local low. A new impulse of growth in USDCHF is aimed at the high of 0.9046.
AUDUSD is going on in a rally supported by commodities and the appetites for risk.
EURUSD is preparing to go by a reversal pattern; BTCUSD iscorrecting befroe further growth, USDCNH is pushing off the signal lines of the indicator.
Gold is forming a bounce off the support level; NZDUSD keeps correcting inside an ascending channel, GBPUSD is testing the resistance level.
Both EURUSD and GBPUSD quotations might rise to 4/8.
EURUSD completed a wave of growth to 1.2100. The market created a consolidation range around this level and, with an escape upwards, acquired perspectives for growth to 1.2190.