USD/CAD: short-term trade idea
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/GBP: euro looks stronger
It seems that EUR/GBP has finally broken out of the range within which it was trading in March and April.
USD/CNY is driven by trade uncertainty
The US dollar strengthened versus the Chinese yuan as the trade deal between the United States and China met unexpected obstacles.
GBP/CAD: a bearish pattern
GBP/CAD met the resistance of the 50-month MA in the 1.7765 area.
GBP/USD is under pressure
GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).
EUR/CHF may form a triple top
For 3 weeks in a row, EUR/CHF tried to close above the resistance line connecting October and February highs and failed.
GBP/CHF has one way
There are many ways to bet on the decline in the British pound.
USD/CAD is volatile
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.
AUD/NZD failed at resistance
AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06.
Stock market: Nvidia may turn down
The stock of Nvidia retraced about 40% of the 2018 decline but met resistance in the 193 area.
EUR/JPY: outlook has worsened
It looks like the euro is vulnerable to further declines versus the Japanese yen.
EUR/USD found a base
Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower.
