How to trade BTC/USD?
BTC/USD rebounded from the 200-week MA at 3212.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/CAD is ready for action
With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.
Trading GBP/CAD
Today the Bank of England will announce its statement at 15:00 MT time. Although it’s hard to imagine positive comments for the GBP, anything can happen.
EUR/USD has obstacles on the upside
EUR/USD is once again testing the October resistance line, upper daily Bollinger band, and the daily Ichimoku Cloud.
NZD/CHF formed a top
NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top.
GBP/USD: the pound recovers
On the daily chart of GBP/USD, bulls try to push the pair back to the triangle's borders and the previous consolidation range between 1.27 and 1.33.
USD/CHF: bulls don't give up
On the daily chart of USD/CHF, the transformation of the "Shark" pattern into the 5-0 one continues.
USD/JPY looks vulnerable
USD/JPY may have finally reached the time when it will test levels below the support line.
USD/CAD: bulls pull the pair up
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
XAU/USD: the gold is strong
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
AUD/USD: the AUD plans its further movements
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
GBP/CHF may try to recover
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
