EUR/GBP is at the edge of the channel
As long as EUR/GBP is trading below 0.9100, we will keep seeing a top on the chart that greatly resembles a “Head and Shoulders” pattern.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EURNZD is in the overbought zone
Technical analysis of EURNZD
EURGBP got a boost
Will EURGBP continue its movement up?
Stock market: Pepsico keeps fighting
The stock of Pepsico formed a kind of messy inverted “Head and Shoulders”.
EUR/JPY is on shaky ground
The euro is fundamentally weak
AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
EUR/JPY has rebounded
Technical analysis of EURJPY
Stock market: Alibaba faces an obstacle
Last week the stock of Alibaba rallied. The price moves close to the resistance line connecting April and July highs and the 100-week MA in the 175.00 area.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
August 19-23: key events for major currencies
The economic calendar for the upcoming week contains a number of important events…
EUR/CAD is under pressure
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.
USD/TRY may return to lows
USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price.
