Friday, November 26, 2021
Market players continue selling AUDUSD; 3-month lows are quite close.
AUDUSD is heading towards the long-term 38.2% fibo at 0.7052, while USDCAD continues growing to reach the high at 1.2949.
EUR is still correcting, while GBP continues falling. Among other assets discussed in the overview are JPY, CHF, AUD, Brent, Gold, and the S&P 500 Index.
AUDUSD is falling within the bearish channel; USDJPY is correcting before starting another growth, while USDCHF is about to test the rising channel’s downside border.
Brent may grow to return to 5/8, while the S&P 500 index is falling towards the closest support at 3/8.
USDCAD continues trading upwards; AUDUSD is rebounding from the support level again, while USDCHF is still correcting.
Thursday, November 25, 2021
After testing another “bottom”, the major currency pair is consolidating.
Brent has rebounded from 38.2% fibo; in the case of the Dow Jones index, the price is trying to start a new rising wave after completing the correction.
Gold is consolidating, while Brent may return to 77.50. Other instruments we’ll mention include EUR, GBP, JPY, CHF, AUD, and the S&P 500 index.
EURUSD is rebounding from the resistance level; UGBPSD is testing Tenkan-Sen and Kijun-Sen, while NZDUSD is about to break the support level.
USDCHF is expected to fall towards the support at 7/8; in the case of XAUUSD, the price may rebound from 3/8 and resume trading downwards.
GOLD is finishing the correctional wave; NZDUSD is testing the support level, while GBPUSD is correcting within the downtrend.
Wednesday, November 24, 2021
The major currency pair remains under pressure; investors are waiting for the news.
Market players are selling NZDUSD after the Reserve Bank of New Zealand decided to tighten its monetary policy.
Having updated the low, GBPUSD may start a new pullback; in the case of EURJPY, the current descending wave has tested the support area.
EUR continues falling. We’ll also talk about GBP, JPY, CHF, AUD, Brent, Gold, and the S&P 500 index.
XAUUSD is about to resume falling; Brent is rebounding from Tenkan-Sen and Kijun-Sen, while USDCHF is testing the resistance level.
USDJPY is approaching the “overbought area”, while USDCAD may correct down to support at 6/8.
EURUSD is forming another correctional impulse; USDJPY is testing the resistance area, while EURGBP continues trading to the downside.