Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Is there any hope for the aussie to recover?
Is there any hope for the aussie to recover?

Last week turned out to be disappointing for the AUD bulls, despite the gap up opening on Monday after the negotiations between the Chinese and US presidents.  What are the reasons behind this slide?

EUR/USD is at the key support
EUR/USD is at the key support

EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time

USD/CAD: expect a correction
USD/CAD: expect a correction

USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.

EUR/USD: 'Evening Star' pattern
EUR/USD: 'Evening Star' pattern

There's a green light to have a bearish correction towards the Moving Averages. If a pullback from these lines happens next...

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