GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
Daily Market Analysis
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
USD/ZAR formed a bearish engulfing pattern on the D1. What does it mean?
AUD/JPY has reached the resistance line which is going down from September highs. What's next?
USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. Learn more!
USD/TRY ran into the resistance of 5.83. Traders are taking profit and readjusting positions after a very big advance that happened on Monday.
Last week, AUD/NZD formed a lower high on the D1 and then stayed below 1.0730/20 during the following days.
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.
Technically WTI is testing levels below the 200-week MA. This makes it vulnerable for the retest of June and August lows.
America will release more economic figures on Tuesday and Friday, and USD/JPY should be one of the most active movers on the news.
EUR/JPY remains within the general downtrend and looks like it’s ready for another swing lower.
Times are quite turbulent for the British pound. GBP/CAD has already retraced down 61.8% of the August-September advance.