Wednesday, November 20, 2019
USDJPY stopped falling on Wednesday, but the decline potential remains.
AUDUSD is forming the first descending impulse towards 0.6806.
USDJPY may reach 8/8, while USDCAD is no longer consolidating.
EURUSD is trading close to the descending channel’s upside border, while USDJPY continues testing the support level within the ascending tendency.
AUDUSD is rebounding from the cloud’s downside border; NZDUSD is getting ready for further growth, while USDCAD is testing the resistance area.
GBPUSD and EURJPY have been correcting for the second consecutive month. After a slight growth, both instruments may resume falling towards their respective lows.
Tuesday, November 19, 2019
USDJPY is slowly falling; investors are interested in “safe haven” assets again.
AUDUSD is falling on Tuesday morning; the pair remains under bearish pressure.
USDJPY has finished the correction at 109.05; right now, it is falling.
AUDUSD may correct towards 8/8, while NZDUSD is still trading inside the “overbought area”.
USDCAD continues moving upwards; AUDUSD is still trading close to the support level.
AUDUSD is about to continue falling; NZDUSD is rebounding from the support level, while USDCAD is testing the cloud.
EURUSD is forming a new rising wave, while USDJPY is falling after the divergence.
Monday, November 18, 2019
On Monday, the major currency pair is hoping to continue growing.
XAUUSD is correcting, but the descending tendency may yet continue; USDCHF hasn’t been able to stop the correction.
USDCHF is consolidating around 0.9893.
GOLD continues trading close to the rising channel’s downside border tendency, while NZDUSD is still moving upwards after completing the correction.
EURUSD may reach 6/8, while GBPUSD is still heading towards 7/8.
AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen; NZDUSD is about to continue growing, while USDCAD is testing the cloud’s upside border.