CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
Daily Market Analysis
Information is not investment advice
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
AUD/JPY has reached the resistance line which is going down from September highs. What's next?
USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. Learn more!
Last week, AUD/NZD formed a lower high on the D1 and then stayed below 1.0730/20 during the following days.
The market always lives by expectations…
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.
America will release more economic figures on Tuesday and Friday, and USD/JPY should be one of the most active movers on the news.
The USD has been steady versus a basket of major currencies since the start of 2019 but suffered this week. So, what future awaits it?
EUR/JPY remains within the general downtrend and looks like it’s ready for another swing lower.