Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/SGD turned down
USD/SGD turned down

The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.

USD/CAD keeps falling
USD/CAD keeps falling

USD/CAD has turned sharply down at the start of January and has been declining since then.

Bet on CAD/JPY
Bet on CAD/JPY

The pair formed a “hammer” on W1 and is now likely to retrace to higher levels.

USD/BRL is breaking down
USD/BRL is breaking down

The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.

USD/ZAR: a trade idea
USD/ZAR: a trade idea

The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.

EUR/USD: the euro is getting stronger
EUR/USD: the euro is getting stronger

On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation.

EUR/USD: ideas for small trades
EUR/USD: ideas for small trades

EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).

EUR/JPY: short-term upside
EUR/JPY: short-term upside

EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area.

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