USD/CAD is facing resistance
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: levels to trade
On Tuesday, EUR/USD formed a candlestick with a small body and long upper and lower wicks - this is a sign of the market’s uncertainty.
CHF/JPY failed to recover
CHF/JPY has recently broken below the support line from May lows.
EUR/CHF gets some help
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
Apple’s stock is at risk
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line.
USD/CHF is capable of more
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
Brent is under pressure
Brent oil closed last week below the 100-week MA at 61.86 for the first time since 2018
EUR/USD: a “hammer”
Despite the fact that EUR/USD fell as low as to 1.1025, it still managed to close the week above 1.11.
Facebook’s price turned down
Facebook's stock formed a bearish “shooting star” candlestick on the monthly chart.
CAD/JPY: there are lower levels
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
EUR/GBP ahead of the BoE meeting
EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast.
USD/ZAR turned up
USD/ZAR rebounded from the 200-day MA at 14.18 and went up through the 100- and 50-day MAs.
