Brent is under pressure
Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: a “hammer”
Despite the fact that EUR/USD fell as low as to 1.1025, it still managed to close the week above 1.11.
Facebook’s price turned down
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart.
CAD/JPY: there are lower levels
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
EUR/GBP ahead of the BoE meeting
EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast.
USD/ZAR turned up
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
EUR/USD broke lower
EUR/USD has dived below support at 1.1100 and 1.1050.
USD/JPY: levels to trade on the Fed’s meeting
USD/JPY consolidated between 108.40 and 108.95 ahead of the Federal Reserve’s meeting later today.
NZD/JPY turned down
NZD/USD has turned down on July 22 and retraced more than 38.2% of the June-July advance.
AUD/CAD is going for a butterfly
If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.
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EUR/AUD remained in an uptrend
EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows.
