Wednesday, October 16, 2019
BTCUSD has completed the descending wave at 8060.00.
USDCAD continues forming the rising channel, while AUDUSD has completed the pullback towards the support level.
GBPUSD is trading close to May’s highs; investors’ attention is focused on the Brexit deal draft.
USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may correct towards the resistance at 3/8.
AUDUSD is forming a reversal pattern; NZDUSD is testing the cloud’s downside border, while USDCAD continues falling.
After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.
Tuesday, October 15, 2019
After a short pause, GBPUSD is back to growing; market players believe in the Brexit.
On Tuesday morning, USDJPY is falling a little bit; investors are estimating global interests towards risks.
Brent is still correcting towards 58.35.
GOLD has rebounded towards the rising channel’s downside border, while NZDUSD is still trading upwards.
EURUSD has slowed down its ascending tendency, while USDJPY may start a short-term pullback after breaking the high.
AUDUSD is getting ready for further growth; NZDUSD is rebounding from the support level, while USDCAD is testing the channel’s upside border.
AUDUSD may fall towards 3/8; in case of NZDUSD, bears may try to break 7/8 today.
Monday, October 14, 2019
EURUSD is trading close to the resistance level within the descending tendency, while USDJPY is rebounding from the horizontal resistance level.
EURUSD is trying to rise early in the week; market players are keeping a wary eye on the Fed.
Gold has completed another descending wave at 1480.80; right now, it is consolidating around this level and this range may be considered as a downside continuation pattern.
Bears are trying to push XAUUSD towards the lows, but bulls are wide awake; USDCHF is correcting after the divergence.
AUDUSD is moving inside the rising channel; NZDUSD is rebounding from the cloud, while USDCAD is correction before a new descending impulse.
EURUSD continues heading towards 8/8, while GBPUSD may complete the correction at 7/8.