Have a look at the chart of EUR/AUD. There’s a bearish divergence between the price and the Awesome Oscillator on D1.
Daily Market Analysis
Oil prices rose on Thursday, June 20, as the US President Donald Trump criticized Iran’s attack on a US surveillance drone.
There’s a bullish divergence on the daily chart of GBP/USD.
The Japanese yen keeps strengthening versus other currencies as the market remains in the risk-averse mode.
AUD/USD has been falling since the start of 2018. On W1, the pair formed a “Falling three method” candlestick pattern.
USD/CAD is another pair that has the potential to make significant moves in the near term.
Last week USD/CHF broke below the uptrend support line of 2018.
CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.
Check the chart of EUR/AUD. The pair has reached the 50% Fibo retracement of the 2008-2012 decline.
The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode.
WTI oil formed a “dark cloud cover” pattern on D1 near the downtrend resistance line.
On H4, we can see a big top above 0.6610.