GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign.
Daily Market Analysis
Given the global economic and political background, selling AUD/CHF seems like a good idea.
The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time.
USD/JPY formed a candlestick on the W1 that strongly resembles a “shooting star”.
GBP/USD is having a third bullish week in a row.
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion.
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.