USD/JPY managed to rise above the 50-period MA on H4 and get above the highs of last week.
Daily Market Analysis
Technical analysis of XAU/USD
This week the pound has found some temporary relief as investors’ concerns went down a notch.
XAU/USD is currently consolidating within a triangle on H4 offering a perfect opportunity to trade on a breakout to either direction.
BTC/USD slipped at the beginning of June. During the recent days, it has found support in the $7,550 area and tried to recover.
Will EUR/CAD break the strong resistance?
On the daily chart of CAD/CHF, on June 3, the pair met support at 0.7382 and rebounded.
Trading the news is, of course, risky but sometimes the risk is worth taking.
Looking for a way to bet on the weaker USD, we considered several currency pairs but the one that came to our attention was USD/SGD.
The short-term picture looks bullish, and NZD/USD will be able to reach 0.67 as long as it’s trading above 0.66.
EUR/JPY is correcting up. There’s a bullish impulse on H4.
Now we are much more certain that the pair will test lower levels.