Daily Market Analysis

XAU/USD formed a lower high at 1,535 after rising to 1,557 at the beginning of September.

Last week, EUR/GBP recovered from 0.8800 (the 61.8% Fibo retracement of the March-August advance) and 0.8835 (100- and 50-week MAs; 200-day MA).

Last week GBP/CHF topped at 1.2475 as it met the previous support and now resistance line connecting the 2016 and 2018 lows.

EUR/NZD has once again turned down from the levels around 1.7600. The further downside is possible.

What’s next for oil? In this article, we try to analyze various fundamental factors to answer this question.  

As we had foreseen earlier this week, USD/JPY traveled lower, to the 107.00 area. Then, however, it managed to rebound from the 50-day MA and return above 107.50.

USD/MXN may have found a short-term base and can test resistance at 19.67.

GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign.

Given the global economic and political background, selling AUD/CHF seems like a good idea.

The Australian dollar will likely be quite volatile on Tuesday as the Reserve Bank of Australia Governor Philip Lowe is scheduled to speak at 12:55 MT time.

USD/JPY formed a candlestick on the W1 that strongly resembles a “shooting star”.

GBP/USD is having a third bullish week in a row.