Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD is volatile
GBP/USD is volatile

The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.

GBP/CHF is trying to rebound
GBP/CHF is trying to rebound

On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.

Trading GBP/JPY on the news
Trading GBP/JPY on the news

Britain will release some economic data today. The forecast is positive. It’s possible to try to exploit this idea trading GBP/JPY.

USD/SGD turned down
USD/SGD turned down

The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.

USD/CAD keeps falling
USD/CAD keeps falling

USD/CAD has turned sharply down at the start of January and has been declining since then.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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