Tuesday, December 10, 2019
Monday, December 9, 2019
The major currency pair surrendered last Friday because of the American statistics; right now, it is still under pressure.
After finishing the ascending wave at 1.3166, GBPUSD has completed the descending impulse towards 1.3100; right now, it is consolidating around 1.3138.
GOLD is testing the rising channel’s downside border again, while NZDUSD is rebounding from the rising channel’s upside border.
After falling and testing 38.2% fibo, XAUUSD is still correcting; USDCHF has rebounded from after its previous highs and right now is heading downwards again.
Bulls failed to keep EURUSD inside the consolidation range, while GBPUSD is still trading close to resistance at 8/8.
Friday, December 6, 2019
The major currency pair remains stable on Friday and intends to continue its growth.
AUDUSD is stuck inside Triangle; NZDUSD is testing Tenkan-Sen and Kijun-Sen, while USDCAD is about to start a new rising correction.
Both Bitcoin and Ethereum are forming short-term corrections, which may later be followed by further decline towards their key lows.
EURUSD continues moving near the horizontal resistance level, while USDJPY is testing the ascending channel’s downside border again.
EURUSD may reach 5/8, while GBPUSD is trading close to resistance at 8/8.