Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CAD: loonie made a trap
USD/CAD: loonie made a trap

On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel.

XAU/USD: gold is lying on the shelf
XAU/USD: gold is lying on the shelf

On the daily chart, after XAU/USD had reached 88.6% target of the “Shark” pattern there was a natural pullback. Bears are counting on the decline to the 113% target.

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