Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 21
Hot forecast and trading recommendations for GBP/USD on 10/21/2020
The pound continues to live only on news regarding Brexit, although they are extremely contradictory and lacks details, but for some time the macroeconomics will be able to
Forex Analyse & Reviews
Indicator analysis. Daily review on GBP/USD for October 21, 2020
The pair moved in a sideways channel yesterday, testing the level of 38.2% - 1.2983 (blue dotted line). Today, the price will try to continue moving up. Economic calendar news is expected at 14:30 UTC (USD).
GBP/USD: plan for the European session on October 21. COT reports. Bears tried to regain control of the market several times, but also failed
Pound sellers tried to regain control of the market several times yesterday, but nothing good came of it. The bulls managed to seize the initiative each time. Let's take a look at the 5-minute chart and break down the trades. You can see that after forming a breakout and settling below the 1.2936.
EUR/USD: plan for the European session on October 21. COT reports. Euro buyers inspired by Lagarde's statements, pushing the pair towards the 19th figure
Euro buyers were encouraged by European Central Bank President Christine Lagarde's statements from yesterday regarding a new emergency plan worth 750 billion euros and claiming that it could become "eternal", as well as progress in negotiations on a plan to help the US economy
Indicator analysis. Daily review for the EUR/USD currency pair 21/10/2020
On Tuesday, the pair moved up, testing the upper fractal - 1.1833 (blue dotted line). Today, the price may continue to move up. News on the market is expected at 7:00 UTC (Euro) and 14:30 UTC (Dollar)
Analytics and trading signals for beginners. How to trade EUR/USD on October 21? Plan for opening and closing trades on Wednesday
Instead of a correction cycle, there is a new upward movement. The euro continues to rise solely on technical factors.
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Technical Analysis of ETH/USD for October 21, 2020
Ethereum tests 61% Fibonacci retracement again
EUR/USD. They did not agree again: American politicians knocked down the dollar
The US currency is declining in all aspects: the dollar index fell to monthly lows and key dollar pairs similarly changed their configuration reflecting the General weakening of the greenback.
Technical Analysis of EUR/USD for October 21, 2020
Yet another breakout on the Euro
Technical Analysis of GBP/USD for October 21, 2020
Pound volatility decreasing significantly
EUR/USD - Inverted S/H/S bottom signals more upside
Since early September inverted S/H/S formation has been building in EUR/USD. This bottom formation calls for a continuation of the underlying uptrend towards the target level at 1.2076. The way to establish the target of a Shoulder/Head/Shoulder pattern is to measure the distance for the top or.
Elliott wave analysis of GBP/JPY for October 21, 2020
We continue to look for key-support at 136.41 to be able to protect the downside for a clear break above the next resistance at 137.20 for the next impulsive rally higher towards 137.88 and 140.20 as the next upside targets.
Short-term key support is seen at 136.41 which should continue to protect.
Elliott wave analysis of EUR/JPY for October 21, 2020
EUR/JPY is now testing resistance at 125.09 and a break above here calls for a rally towards the former top at 127.02. The former peak at 127.02 should only prove to be a temporary top before the next push higher towards at least 128.43 and likely even closer to 129.24.
Support is now seen at.
Forecast for EUR/USD on October 21, 2020
The euro deepens the correction to 1.1915.
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