AUD/USD closed below the 50-day MA at 0.6958 and the line connecting June and July lows.
Daily Market Analysis
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!
Technical analysis of CAD/CHF
The currency pair was long due for a correction. Last week’s candlestick on W1 is a “shooting star”.
On H4, the EUR/USD pair has fallen to the important support at 1.1126 and rebounded.
Technical analysis of NZD/JPY
EUR/USD met resistance at 1.1280 last week: the euro made 3 unsuccessful attempts to break higher.
EUR/CHF broke below 1.1150 - the lower border of the sideways range within which it has been trading since the middle of 2018.
NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.