What central bank meetings will bring to the markets?
This week will bring us 3 central bank meetings. Let’s consider how they may turn out for market moves.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: price approaching 144 Moving Average
If a pullback from the 144 MA happens next, there'll be a moment to have a decline towards the closest 'Window' at 1.1321...
GBP/USD: pair consolidating under Moving Averages
There's a 'V-Bottom', which has been confirmed, so the market is likely going to test the closest resistance at 1.2658 - 1.2695...
USD/CAD: bulls pull the pair up
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
XAU/USD: the gold is strong
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
EUR/USD: no any reversal pattern so far
The price is likely going to test the 89 MA soon. If this line acts as support, there'll be a moment to have a decline towards...
Gold price can rise to $1,300
Like many other financial assets, gold is very sensitive to US interest rates…
GBP/USD: confirmed 'Double Top'
The market is likely going to reach the nearest resistance at 1.2634 - 1.2658. The subsequent pullback from this area...
Let's trade the hardshell Swiss franc
On Thursday, the Swiss National bank kept its interest rate unchanged at -0.75%. But does it really mean anything for the strong franc?
AUD/USD: the AUD plans its further movements
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
GBP/CHF may try to recover
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
NZD/USD: the kiwi faces the uncertainties
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented.
