Let's trade the hardshell Swiss franc
On Thursday, the Swiss National bank kept its interest rate unchanged at -0.75%. But does it really mean anything for the strong franc?
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/USD: the AUD plans its further movements
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
GBP/CHF may try to recover
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
NZD/USD: the kiwi faces the uncertainties
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented.
EUR/USD: 'Shooting Star' on the 89 Moving Average
The main intraday target is the next support at 1.1237. The subsequent pullback from this level could be a starting point for...
GBP/USD: 'V-Top' under the Moving Averages
If a pullback from the nearest support at 1.2588 happens next, there'll be time for another upward price movement...
EUR/USD: the pair is inside the wedge
On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
EUR/GBP: let's buy the euro
On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.
Gold faces some pressure
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
AUD/USD is actively sold
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
EUR/USD: 'Window' acted as support once again
The price is likely going to test the closest resistance at 1.1416. The subsequent pullback from this area could lead to a decline...
GBP/USD: 'Double Bottom' pushed price higher
The main intraday target is the closest resistance area at 1.2695 - 1.2725. If a pullback from these levels happens next...
