Market Sentiment for October 21, 2026

Bitcoin has caught a tailwind

The crypto market has gained over 1% in the past day to reach $2.77T, moving away from the lower boundary of its short-term trading range and approaching the 50-day moving average. This level may now act as resistance if the recovery in equity markets that drove Bitcoin higher on Tuesday ends. Among the most liquid coins over the past 24 hours, the top gainers were Theta (+9.7%), Near (+7.7%) and Aptos (+7.5%). Only three are down: Basic Attention Token (−5.4%), which has given up some ground following a 150% surge since the start of the month, plus Tron (−0.3%) and Cosmos (−0.1%), whose declines are fairly modest.

The crypto market sentiment index rose to 63, rebounding from the middle of the range. It has thus managed to remain at the upper end of the spectrum, demonstrating a clear shift in market sentiment compared with the 10 months leading up to August.

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Zcash Wave Analysis – 21 October 2026

– Zcash reversed from key support level 1050.00

– Likely to rise to resistance level 1340.00

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EURCAD Wave Analysis – 21 October 2026

– EURCAD broke key support level 1.5925

– Likely to fall to support level 1.5665

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EURUSD has a chance for a countermove

Fears of a repeat of the European debt crisis are exaggerated.

The dollar is unable to capitalise on its old trump cards.

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AUDUSD Wave Analysis – 21 October 2026

– AUDUSD reversed from support area

– Likely to rise to resistance level 0.7050

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Aave Wave Analysis – 21 October 2026

– Aave reversed from support level 143.85

– Likely to rise to resistance level 163.00

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⚠️ UK — BOE Governor Andrew Bailey Speaks at 13:00 GMT

🇺🇸 Pre-market trading trends on the US stock market

📈 The US stock market is showing a moderately positive trend in pre-market trading: major technology companies are posting significant gains, while the picture is mixed across other sectors.

In the Information Technology sector, NVIDIA (NVDA) is up 1.70%, while Micron Technology (MU) is up 2.89%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.46%, while Bank of America (BAC) is up 0.71%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.25%, while Amazon (AMZN) is up 0.15%.

The prevailing rise in the shares of the largest companies by market capitalisation points to a risk-on sentiment within the US market: interest in shares is high, and some capital is shifting toward riskier assets. For the dollar, this creates a largely neutral, and at times mildly negative, backdrop: demand for safe-haven dollar instruments is limited, but there is no significant pressure on the currency.

Gold: up or down?

Gold is under pressure due to high oil prices and expectations of a Fed rate rise.

The slowdown in the global economy may provide support in the long term.

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⚠️ New Zealand — Consumer Price Index at 21:45 GMT

✔️ Prev: 1.5% | 4.1%

🕒 Exp: 0.8% | 3.8%

🎯 Fact.: 0.7% 📉 | 3.7% 📉

🗓 Economic Calendar at 2026/10/23 (GMT)

12:30 🇺🇸 Unemployment Claims — Exp: 200K Actual: 194K

13:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks

23:30 🇯🇵 ⚡️ National Consumer Price Index Actual: 2.1%

23:30 🇯🇵 National Consumer Price Index Ex-Fresh Food — Exp: 2.1% Actual: 2.1%

06:00 🇬🇧 Retail Sales With Auto Fuel — Exp: -0.1% | 1.0%

06:00 🇬🇧 Retail Sales Ex Auto Fuel — Exp: -0.1% | 1.5%

07:15 🇫🇷 Manufacturing PMI — Exp: 50.6

07:15 🇫🇷 Services PMI — Exp: 50.8

07:15 🇫🇷 PMI Composite

07:30 🇩🇪 Manufacturing PMI — Exp: 53.5

07:30 🇩🇪 Services PMI — Exp: 52.6

07:30 🇩🇪 PMI Composite


[Updated in real time]

Market Sentiment for October 22, 2026

⚠️ UK — BOE Governor Andrew Bailey Speaks at 10:50 GMT

▶️ Crude Oil. Triangle?

Today is Thursday, October 22, and let’s talk about the oil market and what’s happening there.

I think you can see that the most interesting thing here is a probable triangle forming within wave X. The exact wave labeling isn’t especially important here; what matters is the triangle itself. This is a continuation pattern, which means that after the triangle...

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🇺🇸 Pre-market trading trends on the US stock market

📉 The US stock market is showing a predominantly negative trend in pre-market trading: most of the largest issuers by market capitalisation are trading lower, indicating prevailing risk aversion.

In the Information Technology sector, NVIDIA (NVDA) is down 2.25%, while Advanced Micro Devices (AMD) is down 4.41%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.61%, while JPMorgan Chase (JPM) is down 0.58%.

In the Energy sector, Exxon Mobil (XOM) is up 0.96%, while Chevron (CVX) is up 0.89%.

The overall picture points to selling pressure dominating the tech giants segment, with localised support in the energy and parts of the financial sectors, reflecting a risk-off sentiment within the US market.

In the foreign exchange market, this shift toward safe-haven assets is driving demand for the dollar and US Treasuries, contributing to a short-term strengthening of the US currency.

The crypto market has quickly wiped out its gains

The crypto market capitalisation has fallen by 2% over the past 24 hours to $2.74T. Selling pressure intensified after the market reached a 10-day high, pushing it back into its previous trading range. The pressure from sellers is raising questions about the nearest support levels. A fall below $2.7T would signal a breakout from the consolidation phase and could trigger an avalanche of stop-loss orders, exacerbating the decline. This would be an unexpected turn of events, given the positive seasonal trends and the market optimism that has built up over recent months.

On Wednesday, Bitcoin soared above $84.5K to a two-week high on the back of positive stock market momentum, but failed to sustain the rally and, by midday on Thursday, had erased Tuesday and Wednesday’s gains, retreating to $81.7K. This return to the 50-day moving average means the bulls cannot celebrate a quick victory. The price was unable to break away from this curve mid-year, spending about 40 days in a narrow range. The sell-off has been triggered by external factors, so the situation's further development may also be dictated by external events. It is interesting to note how synchronised the decline in gold and Bitcoin was on Thursday.

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Pound benefits from a hawkish BoE

Markets are anticipating aggressive rate hikes by the Bank of England.

The stable political situation is playing into the hands of the bulls on GBPUSD.

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⚠️ Japan — National Consumer Price Index at 23:30 GMT

✔️ Prev: 1.9%

🎯 Fact.: 2.1%

🗓 Economic Calendar at 2026/10/24 (GMT)

08:00 🇪🇺 Manufacturing PMI — Exp: 52.8 Actual: 52.4

08:00 🇪🇺 Services PMI — Exp: 52.8 Actual: 51.7

08:00 🇪🇺 PMI Composite — Exp: 52.7 Actual: 51.9

08:30 🇬🇧 Manufacturing PMI — Exp: 51.8 Actual: 52.8

08:30 🇬🇧 Services PMI — Exp: 51.8 Actual: 53.1

08:30 🇬🇧 PMI Composite — Exp: 51.8 Actual: 53.1

10:30 🇷🇺 ⚡️ Key bank rate — Exp: 14.00% Actual: 14.00%

12:30 🇨🇦 Retail Sales — Exp: 1.3% | 1.1% Actual: 1.2% | 1.2%

13:45 🇺🇸 Manufacturing PMI — Exp: 55.6 Actual: 56.0

13:45 🇺🇸 Services PMI — Exp: 57.9 Actual: 57.9

13:45 🇺🇸 PMI Composite Actual: 57.6

14:00 🇺🇸 UoM Consumer Sentiment — Exp: 46.3 Actual: 48.0


[Updated in real time]