Thursday, October 29, 2020
USDJPY is falling and not slowing down its decline; investors are interested in the Yen.
AUDUSD is trying to break the consolidation range to the downside; USDCAD formed a quick rising impulse but failed to update the high.
EURUSD is rebounding from Tenkan-Sen and Kijun-Sen; XAUUSD is about to break a Triangle pattern, while Brent is falling within the descending channel.
EURUSD is still testing the support level; USDJPY is rebounding from the support area, while EURGBP continues moving within the downtrend.
After rebounding from 13844.00 and then reaching the short-term downside target at 12873.00, BTCUSD is correcting towards 13280.00.
USDCHF may re-test 0.9033, while XAUUSD is expected to correct towards 1906.25.
Wednesday, October 28, 2020
GBPUSD is slowing down its decline because of the correction, while EURJPY has failed to reach and update the local high.
AUDUSD is actively rising on Wednesday after the country published some stable statistics.
EURUSD is moving downwards amid investors’ increased demand for “safe haven” assets.
Brent is rebounding from the cloud’s downside border; USDJPY is about to resume falling, while USDCAD is growing within the rising channel.
USDJPY continues falling, while USDCAD is expected to reverse.
USDCAD is still testing the channel’s upside border; AUDUSD continues moving to reach the channel’s upside border, while USDCHF is still rebounding from the support level.
After completing the ascending structure and testing 41.80 from below, Brent is moving downwards to break 40.50.
Tuesday, October 27, 2020
EURUSD is consolidating and may break this range both to the upside and downside, while USDJPY is expected to break the low at 104.00 quite soon.
Last night, EURUSD was falling a bit but managed to recover on Tuesday morning.
NZDCHF is rebounding from Tenkan-Sen and Kijun-Sen; GBPAUD is testing the rising channel’s downside border, while USDCNH is about to break the cloud’s downside border.
GOLD is rebounding from the rising channel’s downside border again; NZDUSD is testing the channel’s upside border, while GBPUSD continues moving within the uptrend.
AUDUSD is trading close to the resistance, while NZDUSD is expected to continue moving upwards.
Brent is still consolidating around 41.00.