USD/CAD recovered last week from the 2018 support line in the 1.3150/00 area.
Daily Market Analysis
GBP/CHF got capped last week by the descending 200-week MA at 1.3320.
CAD/JPY failed to close last week around the high of 85.20.
The stock price of eBay Inc. formed a “Shooting star” pattern on W1.
EUR/USD ran into a bunch of resistance levels between 1.1375 and 1.1420.
The prospect of upside is safe as long as Brent remains above 64.34.
It seems that the gold is finally into the bearish correction.
The stock has been extremely volatile so far: it had the worst trading day in decades on February 14.
XAU/USD formed a pin bar on W1 — such candlestick usually marks a reversal to the downside.
EUR/CAD tested 1.5040 yesterday but then closed below 1.50.
GBP/USD continued its recovery yesterday. The pair rose to the 50-week MA at 1.3150. It’s quite natural to assume that this line will act as resistance.
USD/ZAR met resistance at the line connecting September and October highs and turned down.