
USD/SGD will likely run into resistance and turn down allowing to make a bearish trade.
In-depth technical & fundamental analysis for currencies & commodities
USD/SGD will likely run into resistance and turn down allowing to make a bearish trade.
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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.
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