Daily Market Analysis

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.

USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price.

EUR/GBP may be about to make a bigger downside correction. The pair closed yesterday below the August support line and slipped below the weekly pivot point at 0.9250.

USD/MXN is quite used to sideways trading. Is it time to buy or sell?

EUR/NZD met resistance in the 1.7570 area, at the line connecting the 2019 highs.

USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695.

EUR/USD is consolidating in a sideways horizontal range with a slight bearish bias. A breakout is getting near.

Last week BTC/USD failed to close at the weekly high in the 12,295 area and ended up near 11,416.

Last week EUR/AUD tested the highest levels since 2009 at 1.6780, but failed to hold there and closed at 1.65 forming a candlestick with a long upper shadow on W1.

XAU/USD remains in an uptrend. This week it rose above the key psychological level of 1,500.

GBP/AUD is having a bumpy ride. The pair has been trading in a downtrend since May.