Daily Market Analysis

The new earnings season has started in the United States…

Technical analysis of EUR/AUD

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.

After its peak at the end of June, BTC/USD has been constantly forming lower highs and making significant legs to the downside.

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.