Friday, November 27, 2020
After a short pause, the major currency pair is back to growing.
Bitcoin, Ethereum, and other cryptocurrencies are correcting after a long and slow rise.
AUDUSD is about to break the resistance level; GBPUSD is correcting inside a Triangle pattern, while Brent is testing Tenkan-Sen and Kijun-Sen.
EURUSD continues the ascending tendency, while USDJPY and EURGBP are both correcting within their respective downtrends.
A “false” breakout in Brent indicates a correction; the S&P 500 continues trading upwards.
Brent is falling towards 47.33.
Thursday, November 26, 2020
The major currency pair continues growing on Thursday afternoon; investors are still interested in risks.
AUDUSD is slowly approaching the high at 0.7414 and rebound from it later, while USDCAD is moving downwards to break the low.
XRPUSD is about to resume falling; XAUUSD is rebounding from the cloud, while USDCAD is stuck inside a Triangle pattern.
USDCAD continues the downtrend; AUDUSD is reversing, while USDCHF is falling within the descending channel.
USDCHF remains under pressure and is expected to test 0/8, while XAUUSD may correct towards 2/8.
After breaking 1.3364 to the upside, GBPUSD is expected to continue growing towards 1.3425.
Wednesday, November 25, 2020
GBPUSD is getting very close to the resistance and may rebound from it, while EURJPY is forming another rising wave after completing the correction.
On Wednesday morning, USDJPY is falling a little bit but it seems like the Yen hasn’t decided on the direction yet.
BTCUSD is rebounding from Tenkan-Sen and Kijun-Sen; EURJPY is about to reverse and trade upwards, while BRENT is growing within the rising channel.
GOLD is testing another support level; NZDUSD is correcting after updating its highs, while GBPUSD is still growing within the rising channel.
The correction in USDJPY is over; USDCAD is trading back to 0/8.
After completing the ascending wave at 1.1880 along with the correction towards 1.1850, EURUSD is growing to reach 1.1900.
EURUSD is ready to update November’s highs; investors have confidence in the future.