AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/TRY is volatile
USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion.
USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
What do the fundamentals say for NZD/USD?
NZD/USD has started correcting up in September. Will this recovery last?
XAU/USD is swimming with sharks
The move above 1,496 and the psychological level of 1,500 will trigger a bullish scenario for XAU/USD.
GBP/USD has a chance
The technical setup for GBP/USD allows expecting a rebound but it has to rise above the resistance first.
AUD/CHF closed higher
On Monday, AUD/CHF broke above the line connecting April and July highs at 0.6785 and managed to close the day above it.
