Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/AUD: bearish reversal
GBP/AUD: bearish reversal

GBP/AUD has breached the support line from August 2019. What is happening at the chart looks like a pretty big change.

Technical levels for GBP/USD
Technical levels for GBP/USD

The movement in GBP/USD hasn’t started yet, but it surely will. For now the pair’s consolidating in the 1.2390/1.2295 area.

NZD/USD is pulling down
NZD/USD is pulling down

NZD/USD may be on the verge of breaking to lower levels. The pair formed a doji candlestick with a long upper shadow on the D1 - this is a bearish sign.

EUR/USD has breached support
EUR/USD has breached support

EUR/USD had been testing the support line connecting March and April lows. On Thursday, the pair slipped below this line.

GBP: three factors
GBP: three factors

Britain is at the crossroads of the virus fight. What is the outlook for the GBP/USD?

Bears keep playing with oil
Bears keep playing with oil

Oil prices remain under pressure. After Brent has broken the consolidation range to the downside and fell below 30.00, it got some support ahead of 27.00.

GBP/JPY has bullish momentum
GBP/JPY has bullish momentum

GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high.

EUR/USD: a temporary bottom
EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

Levels to trade AUD/USD
Levels to trade AUD/USD

After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.

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