Monday, January 25, 2021
The current short-term correctional uptrend in XAUUSD may transform into a proper rising wave; in the case of USDCHF, the price is finishing the local pullback and may start a new growth towards 76.0% fibo at 0.9012.
EURUSD intends to keep its positive momentum as investors are in anticipation of a new stimulus package in the USA.
EURJPY is rebounding from the cloud; BTCUSD is about to break the resistance area, while NZDUSD is correcting within a reversal pattern.
USDCAD continues moving downwards; AUDUSD is forming another rising impulse, while USDCHF is still correcting after rebounding from the channel’s upside border.
EURUSD may grow and reach 1.2268, while GBPUSD is moving within the “overbought area”.
EURUSD has formed another consolidation range around 1.2170; right now, it is moving to break it to the upside to reach the target at 1.2260.
Friday, January 22, 2021
GBPUSD is correcting a bit on Friday after skyrocketing yesterday. However, the pair is clearly intending to keep its positive momentum.
Bearish pressure made both Bitcoin and Ethereum form their respective correctional channels.
BTCUSD is testing Tenkan-Sen and Kijun-Sen; USDRUB is about to break a Triangle pattern, while USDJPY is correcting before new growth.
GOLD is testing another resistance level; NZDUSD continues the correctional wave, while GBPUSD is correcting within the uptrend.
After completing the ascending wave at 3866.7, the S&P index is correcting towards 3837.0.
Brent may complete the correction at 7/8, while the S&P 500 index is trying to update its all-time highs again.
Thursday, January 21, 2021
USDJPY started moving downwards yesterday and this decline is looking quite confident today.
AUDUSD is growing after completing another pullback, while USDCAD keeps updating its lows.
EURUSD is about to break a Triangle pattern, XAUUSD is trading inside the cloud, while AUDUSD is growing within the rising channel.
EURUSD is forming another ascending impulse; USDJPY continues moving downwards within the descending channel, while EURGBP is rebounding from the support area again.
USDCHF is still expected to fall towards 2/8, while XAUUSD may grow to reach the target at 1906.62.
Brent has finished the ascending wave at 56.47.