Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

WTI met resistance
WTI met resistance

WTI oil formed a “shooting star” candlestick on W1 around 61.8% Fibonacci resistance of the October-December decline.

GBP/USD is under pressure
GBP/USD is under pressure

GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle.

Trading on the risk sentiment
Trading on the risk sentiment

CAD/JPY is sensitive to the market sentiment: if risk appetite improves, the pair will rise, while if traders become risk-averse, the pair will fall.

EUR/USD and its patterns
EUR/USD and its patterns

The price action seen at the H4 chart resembles an inverted “Head and Shoulders” pattern with a neckline at 1.1250.

USD/CAD awaits NFP
USD/CAD awaits NFP

The release of the US and Canadian data at 15:30 MT time will bring substantial volatility to the pair.

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