EUR/CHF is recovering
EUR/CHF managed to gather its strength and push higher.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/AUD is testing lower levels
EUR/AUD rose to the 50-week MA around 1.5855 (weekly pivot) but then was rejected down.
AUD/CHF is under pressure
AUD/CHF met resistance around 0.7115/20 (50- and 100-days MA).
USD/CAD is under short-term pressure
As long as the price stays below 1.3370, the near-term focus will be on the 100-day MA at 1.3310.
How to trade gold?
XAU/USD has paused its advance in February and since then has been trading in a triangle-like fashion.
AUD/USD: resistance is still strong
Have a look at the weekly chart: AUD/USD is facing resistance in the 0.7130 area.
USD/SGD: a short-term trade
USD/SGD is recoiling down from the resistance line going back from October highs.
Stock market: short-term trades for Facebook
Despite various problems that hit the company in March, Facebook stock is doing rather well.
GBP/CAD: how to bet against the pound
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.
NZD/USD got hit hard
It looks like the fall is still unfinished and the NZD may fall to the support line.
Stock market: Apple is under pressure
The company’s presentation on Monday didn’t save its stock from correction.
CAD/JPY: a pattern has emerged
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.
