Friday, October 18, 2019
The major currency pair continues rising influenced by Brexit positive.
After reaching the target at 1.2980, GBPUSD has completed the descending impulse at 1.2755 along with the correction towards 1.2893; right now, it is moving downwards.
GOLD continues growing after rebounding towards the rising channel’s downside border, while NZDUSD is still trading upwards inside the channel.
AUDUSD continues forming the ascending impulse; NZDUSD is testing the descending channel’s upside border, while USDCAD is rebounding from the cloud.
After completing the correctional uptrend, Bitcoin is moving to the downside, while Ethereum is falling slowly and hesitantly.
EURUSD has reached the “overbought area”, while GBPUSD may fall towards the support at 3/8.
Thursday, October 17, 2019
AUDUSD is trading upwards thanks to strong numbers on the Australian labor market.
On Thursday, GBPUSD is consolidating and waiting for the news from the European summit on Brexit.
EURUSD has broken 1.1053 to the upside and may continue this ascending wave.
EURUSD is trading close to the resistance level within the ascending tendency, while USDJPY is rebounding from the horizontal resistance level.
AUDUSD is forming an ascending impulse; NZDUSD is about to test the cloud’s upside border, while USDCAD is moving inside Triangle.
AUDUSD is trying to update its short-term high; USDCAD is still forming a mid-term sideways channel.
USDCHF is completing its ascending tendency, while XAUUSD may fall to reach 1/8.
Wednesday, October 16, 2019
BTCUSD has completed the descending wave at 8060.00.
USDCAD continues forming the rising channel, while AUDUSD has completed the pullback towards the support level.
GBPUSD is trading close to May’s highs; investors’ attention is focused on the Brexit deal draft.
USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may correct towards the resistance at 3/8.
AUDUSD is forming a reversal pattern; NZDUSD is testing the cloud’s downside border, while USDCAD continues falling.
After the convergence, GBPUSD has formed a strong impulse to continue the rising correction, while EURJPY has tested its previous high.