GBP/AUD is having a bumpy ride. The pair has been trading in a downtrend since May.
Daily Market Analysis
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
On Tuesday, EUR/USD formed a candlestick with a small body and long upper and lower wicks - this is a sign of the market’s uncertainty.
CHF/JPY has recently broken below the support line from May lows.
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line.
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018
Despite the fact that EUR/USD fell as low as to 1.1025, it still managed to close the week above 1.11.
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart.
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast.