EUR/USD ran into an obstacle
EUR/USD ran into a bunch of resistance levels between 1.1375 and 1.1420.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Brent oil: inverted H&S is still in place
The prospect of upside is safe as long as Brent remains above 64.34.
XAU/USD keeps falling down
It seems that the gold is finally into the bearish correction.
Will Coca-Cola fill the gap?
The stock has been extremely volatile so far: it had the worst trading day in decades on February 14.
XAU/USD is testing support
XAU/USD formed a pin bar on W1 — such candlestick usually marks a reversal to the downside.
EUR/CAD: a short-term scenario
EUR/CAD tested 1.5040 yesterday but then closed below 1.50.
GBP/USD: a short-term uptrend
GBP/USD continued its recovery yesterday. The pair rose to the 50-week MA at 1.3150. It’s quite natural to assume that this line will act as resistance.
USD/ZAR can test lower levels
USD/ZAR met resistance at the line connecting September and October highs and turned down.
GBP/JPY is choosing the way
GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
USD/CHF can go lower
USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days.
USD/JPY: intraday trading
Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.
AUD/CHF turned down
AUD/CHF met resistance in the 0.7200 area and then turned down.
