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Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Information is not investment advice

CAD/JPY: the stronger yen

The Japanese yen keeps strengthening versus other currencies as the market remains in the risk-averse mode.

AUD/USD returned down

AUD/USD has been falling since the start of 2018. On W1, the pair formed a “Falling three method” candlestick pattern.

USD/CAD awaits US data

USD/CAD is another pair that has the potential to make significant moves in the near term.

Important levels for CHF/JPY

CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.

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