USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
Daily Market Analysis
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
Volatility in BTC/USD has once again died down but a breakout is inevitable.
It’s not confirmed yet, but there may be an exciting trading opportunity you wouldn’t like to miss.
USD/SGD was stopped yesterday by the declining 50-day MA at 1.3610.
EUR/USD formed a bullish engulfing pattern on D1 yesterday rebounding from the lower daily Bollinger Band.
Big moves may be triggered by the meeting of the Reserve Bank of New Zealand early on Wednesday.
GBP/CHF found resistance in the 1.3100 area (resistance line connecting July and November highs).
USD/TRY has been trying to recover since the end of January.
EUR/JPY spent more than a month correcting up after its spike down made at the start of January.
USD/CAD found support at the 2018 trendline and the 50-week MA in the 1.3080 area.