Daily Market Analysis

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

The United Kingdom experienced some major political changes: Boris Johnson became the country’s new Prime Minister.

Google, Amazon, Intel, and McDonald’s are to report earnings. Find out how to make money on these reports!

Technical analysis of CAD/CHF

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

On H4, the EUR/USD pair has fallen to the important support at 1.1126 and rebounded.

Technical analysis of NZD/JPY

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.

NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.

EUR/JPY broke the support line connecting June lows and thus resumed the downtrend which has been in place since the start of 2018.

EUR/AUD is currently testing the support line from the start of 2017.