Thursday, March 19, 2020
AUDUSD is plummeting towards its all-time lows, while USDCAD is testing the key high before continuing to grow towards new targets.
BTCUSD is still consolidating around 5100.00 without any particular direction.
USDCHF continues moving towards +1/8, while XAUUSD has reached the “oversold area”.
AUDUSD is falling towards its all-time lows after the RBA’s decision to cut the rate again.
GOLD continues testing the horizontal support level; NZDUSD is forming reversal patterns not far from the support level, while GBPUSD is testing another support level.
EURUSD is testing the resistance level; AUDUSD is falling inside the descending channel, while USDJPY is rebounding from Tenkan-Sen and Kijun-Sen.
Wednesday, March 18, 2020
GBPUSD is updating its six-month lows while investors are trying to escape from risks.
On Wednesday afternoon, the major currency pair dropped to its three-week lows.
A strong descending impulse in GBPUSD is heading to break the low, while EURJPY is testing 76.0% fibo and trying to update this year’s low.
Brent continues falling with the target at 27.90.
USDJPY is completing the correction, while USDCAD may continue trading upwards.
EURUSD is moving close to the rising channel’s downside border; USDJPY is testing the resistance level again, while EURGBP is forming another correction from the resistance level.
EURUSD is falling inside the descending channel; USDCAD is rebounding from Tenkan-Sen and Kijun-Sen, while NZDUSD is about to start a new decline.
Tuesday, March 17, 2020
After skyrocketing for a while, EURUSD is correcting; in the case of USDJPY, a fast decline was followed by a quick correctional uptrend.
USDJPY is growing on Tuesday morning; however, investors’ demand in the Yen as a “safe haven” asset is still here.
USDCAD has updated its highs once again; AUDUSD is testing another support level, while USDCHF is testing the descending channel’s upside border.
BTCUSD is correcting inside a Triangle pattern; XAUUSD is rebounding from Tenkan-Sen and Kijun-Sen, while NZDUSD is about to resume falling.
After reaching another short-term downside target at 1461.50, Gold has completed the ascending impulse towards 1519.00 along with the correction at 1485.70; right now, it is consolidating around 1500.50.
The major currency pair is “gaining a bit weight” on Tuesday morning amid another financial meltdown.
AUDUSD may continue falling, while NZDUSD is trading inside the “oversold area”.