Daily Market Analysis

Last week turned out to be disappointing for the AUD bulls, despite the gap up opening on Monday after the negotiations between the Chinese and US presidents.  What are the reasons behind this slide?

If a pullback from the nearest resistance happens next, bears are likely going to test the next support at 1.1283...

We should watch the nearest resistance at 1.2588 as an intraday target...

On the daily chart of GBP/USD, bears managed to break the support at 1.27 and move the pair out of the triangle.

On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0.

EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time

USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.

The price faced with resistance by the 89 MA. In this case, we should watch the lower 'Window' as...

There's a 'V-Bottom', so we should watch the nearest resistance at 1.2634 - 1.2661 as an intraday target...

On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.

On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.

There's a green light to have a bearish correction towards the Moving Averages. If a pullback from these lines happens next...