Daily Market Analysis

EUR/USD has dived below support at 1.1100 and 1.1050.

USD/JPY consolidated between 108.40 and 108.95 ahead of the Federal Reserve’s meeting later today.

NZD/USD has turned down on July 22 and retraced more than 38.2% of the June-July advance.

If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.

EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows.

USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area.

AUD/USD closed below the 50-day MA at 0.6958 and the line connecting June and July lows.

The stock of Apple met the resistance of the line connecting 2018 and 2019 highs.

USD/SGD will likely run into resistance and turn down allowing to make a bearish trade.

The currency pair was long due for a correction. Last week’s candlestick on W1 is a “shooting star”.

EUR/USD met resistance at 1.1280 last week: the euro made 3 unsuccessful attempts to break higher.

EUR/CHF broke below 1.1150 - the lower border of the sideways range within which it has been trading since the middle of 2018.