Friday, September 17, 2021
EURUSD dropped on Thursday in response to American statistics; investors like the “greenback” again.
AUDUSD is about to complete the descending wave and may soon grow to reach the high; in the case of USDCAD, the price is still consolidating within a Triangle pattern.
EURUSD has fixed below the rising channel; USDCAD is about to break a Triangle pattern, while GBPUSD is testing the cloud’s downside border.
USDCAD is forming the descending impulse; AUDUSD is testing another support level, while USDCHF is forming one more correctional wave.
JPY is strengthening against USD, while Gold has finished the descending wave. Among other assets discussed in the overview are EUR, GBP, CHF, AUD, Brent, and the S&P 500 Index.
The S&P 500 index has completed the correction, while Brent is trading within the “overbought area”.
Thursday, September 16, 2021
Brent is heading towards the high at 77.48, while the Dow Jones index has re-tested 38.2% fibo.
AUDUSD remains under slight pressure and continues falling.
EURUSD is “hovering”; the major currency pair is barely moving.
USDCHF is rebounding from the cloud; AUDUSD is testing the resistance level, while USDJPY is falling within the bearish channel.
USD is strengthening against EUR and GBP, while the S&P 500 index may start a new descending wave. Other instruments we’ll mention are JPY, CHF, AUD, Brent, and Gold.
GOLD is still testing the support level; NZDUSD is about to start another rising impulse, while GBPUSD is forming a correctional wave within the uptrend.
Bulls will once again attempt to push USDCHF past 6/8, while XAUUSD is still expected to fall towards 4/8.
Wednesday, September 15, 2021
EURUSD keeps saving strengths while expecting the news.
GBPUSD is gaining weight; no one is concerned about inflation.
GBPUSD is trying to grow and reach 61.8% fibo, while EURJPY is forming another descending wave.
EURUSD is testing Tenkan-Sen and Kijun-Sen; USDJPY is about to resume falling, while USDCAD is rebounding from the upside border of a Triangle pattern.
EURUSD continues forming another rising wave; USDJPY is still testing the support area, while EURGBP is testing the resistance level.
Gold may update its high, while EUR and GBP are correcting their ascending waves. We’ll also talk about JPY, CHF, AUD, Brent, and the S&P 500 index.
USDJPY is approaching the “oversold area”, while USDCAD may grow and reach 5/8.