The upcoming days are going to contain lots of important economic events. Let’s go through them together in order to prepare for profitable trading.
Daily Market Analysis
On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538.
CAD/JPY formed a “shooting star” candlestick on D1. This means that the pair will likely move down in line with the overall downtrend.
Have a look at the chart of EUR/AUD. There’s a bearish divergence between the price and the Awesome Oscillator on D1.
Oil prices rose on Thursday, June 20, as the US President Donald Trump criticized Iran’s attack on a US surveillance drone.
On the daily chart of CAD/CHF, the pair is near the resistance of 0.7490.
Technical analysis of EUR/TRY
Investors are cautious ahead of the Fed’s meeting.
There’s a bullish divergence on the daily chart of GBP/USD.
The Japanese yen keeps strengthening versus other currencies as the market remains in the risk-averse mode.
On the daily chart, the pair has been rising.
On H4 of NZD/JPY, the pair rebounded from the low at 70.43 and moved up.