Fundamental analysis: 3 events to trade
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
In-depth technical & fundamental analysis for currencies & commodities
AUD/NZD is trying to reach the resistance
On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538.
CAD/JPY formed a “shooting star”
CAD/JPY formed a “shooting star” candlestick on D1. This means that the pair will likely move down in line with the overall downtrend.
EUR/AUD wants down
Have a look at the chart of EUR/AUD. There’s a bearish divergence between the price and the Awesome Oscillator on D1.
Crude oil is trying for upside
Oil prices rose on Thursday, June 20, as the US President Donald Trump criticized Iran’s attack on a US surveillance drone.
CAD/CHF is near the resistance
On the daily chart of CAD/CHF, the pair is near the resistance of 0.7490.
EUR/TRY is moving to the support
Technical analysis of EUR/TRY
EUR/USD ahead of the Fed's meeting
Investors are cautious ahead of the Fed’s meeting.
GBP/USD tries to recover
There’s a bullish divergence on the daily chart of GBP/USD.
CAD/JPY: the stronger yen
The Japanese yen keeps strengthening versus other currencies as the market remains in the risk-averse mode.
CHF/JPY may decline
On the daily chart, the pair has been rising.
NZD/JPY rebounded from the low
On H4 of NZD/JPY, the pair rebounded from the low at 70.43 and moved up.
