Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: levels to trade
GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

AUD/JPY needs to decide
AUD/JPY needs to decide

AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?

XAU/USD: an attempt to recover
XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill
EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

 EUR/USD is under pressure
EUR/USD is under pressure

After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.

USD/CAD may be capable of more
USD/CAD may be capable of more

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.

NZD/USD ahead of the RBNZ meeting
NZD/USD ahead of the RBNZ meeting

A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.

GBP/USD is near support
GBP/USD is near support

GBP/USD formed a lower high at the start of this month, pressured by the strong resistance in the 1.30 area.

USD/CNH returned below 7.00
USD/CNH returned below 7.00

USD/CNH has been steadily declining since the start of October on hopes that the United States and China would take steps towards some kind of a trade deal.

USD/CHF is waiting for something
USD/CHF is waiting for something

USD/CHF is supported by the 50-day MA at 0.9917. The doji candlestick that formed on the D1 yesterday signals the market uncertainty.

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