Daily Market Analysis

Have a look at the pair EUR/NZD as it might present some interesting trade ideas.

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.

The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.

GBP/JPY is testing levels below the support of the last 4 trading days at 139.50.

USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.

As fears about global economic well-being mount, market players turn to BTC seeing it as a kind of independent alternative.

No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.

The technical necessity of a downturn was visible in XAU/USD for a long time.

The pound is affected by Brexit uncertainty and may slide even lower.

On H4, we can see that the pair fixed below the line connecting the lows of April and May in the area of 1.1180.

USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).