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