Check USD/TRY
USD/TRY has moved sharply down this week falling to the support line since the end of November.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Trade ideas for gold
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD is near support
EUR/CAD has approached the support line from the end of October.
GBP/USD is volatile
The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.
More downside for EUR/USD
It looks like the downside is still not finished.
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.
Bullish target for NZD/USD
NZD/USD made a confident rebound during the recent two weeks.
Levels to trade EUR/USD
Last week EUR/USD tested 1.1570 but then retraced down and closed below 1.15.
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/MXN remains under pressure
USD/MXN is testing levels below 50-week MA and is vulnerable for a slide to the 100-week MA.
USD/JPY may test lower levels
The pair slid back below the Fibonacci level. Moving averages on H4 are in the negative order.
USD/SGD turned down
The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.
