EUR/USD has dived below support at 1.1100 and 1.1050.
Daily Market Analysis
USD/JPY consolidated between 108.40 and 108.95 ahead of the Federal Reserve’s meeting later today.
NZD/USD has turned down on July 22 and retraced more than 38.2% of the June-July advance.
If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.
Find out how to trade on the upcoming earnings reports!
EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows.
USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area.
AUD/USD closed below the 50-day MA at 0.6958 and the line connecting June and July lows.
The stock of Apple met the resistance of the line connecting 2018 and 2019 highs.
USD/SGD will likely run into resistance and turn down allowing to make a bearish trade.
The United Kingdom experienced some major political changes: Boris Johnson became the country’s new Prime Minister.
Google, Amazon, Intel, and McDonald’s are to report earnings. Find out how to make money on these reports!