Two "head and shoulders" pattern of AUD/JPY
On the H4 of AUD/JPY, the pair formed the “Head and shoulders” pattern.
Daily Market Analysis
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NZD/CHF: trade ideas
The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode.
The week started badly for oil
WTI oil formed a “dark cloud cover” pattern on D1 near the downtrend resistance line.
Has the downtrend of AUD/CHF ended?
Technical analysis of AUD/CHF
NZD/USD formed a top
On H4, we can see a big top above 0.6610.
The fundamental outlook for oil
Crude oil had a rough time during the past few weeks…
USD/JPY tries to recover
USD/JPY managed to rise above the 50-period MA on H4 and get above the highs of last week.
Gold is overbought
Technical analysis of XAU/USD
GBP/USD: is there any hope?
This week the pound has found some temporary relief as investors’ concerns went down a notch.
XAU/USD offers trade opportunities
XAU/USD is currently consolidating within a triangle on H4 offering a perfect opportunity to trade on a breakout to either direction.
EUR/CAD is near the top
Will EUR/CAD break the strong resistance?
CAD/CHF got a boost
On the daily chart of CAD/CHF, on June 3, the pair met support at 0.7382 and rebounded.