Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Intraday ideas for XAU/USD
Intraday ideas for XAU/USD

After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!

Will EUR/CAD follow EUR/AUD?
Will EUR/CAD follow EUR/AUD?

Just like EUR/AUD, EUR/CAD has soared during the period since February 20. There’s a chance that the pair will follow the path of EUR/AUD after the BOC meeting.

AUD/USD rose after the RBA meeting
AUD/USD rose after the RBA meeting

As the market expected, the Reserve Bank of Australia has cut its interest rate from 0.75% to 0.5%. AUD/USD rallied on the news as the decision had been priced in.

AUD/JPY may fall further
AUD/JPY may fall further

AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.

Oil is testing support
Oil is testing support

The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.

Levels to trade USD/MXN
Levels to trade USD/MXN

The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.

GBP/USD tests the downside
GBP/USD tests the downside

GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950.

NZD/USD: a short-term idea
NZD/USD: a short-term idea

NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern.

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