Daily Market Analysis

Last week EUR/NZD tried to test levels above 1.70 but failed to hold there and ultimately closed at 1.6820.

NZD/USD has been trading in a very volatile fashion recently. The latest development has been that the pair met resistance in the vicinity of 0.67.

It seems that EUR/CHF is having trouble with returning above 1.1150 (61.8% Fibo of the 2017-2018 advance; 50-month MA).

USD/JPY formed a higher low last week. Then it broke above the resistance line connecting May 13 low and the highs of June.

The pair formed a “double top” pattern at the resistance line that has been in place since the start of 2018.

EUR/GBP met resistance in the 0.8990 area. It failed to overcome this obstacle for the second week in a row.

EUR/CAD made a big breakout to the downside. On W1, you will see that it broke the support line from 2015.

NZD/CHF formed a bearish candlestick with a long lower shadow on W1.

In this article, we have gathered the main things you need to know about the US central bank and the USD. 

To trade the Canadian dollar these days, you will need to have the info about the key fundamentals which are driving it: the upcoming Bank of Canada’s meeting (BOC) and the outlook for oil prices…

The pair failed to close above the declining 100-day MA on Thursday forming a candle which is very similar to a “shooting star”.

Technical analysis of AUD/CHF