GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
How to trade WTI oil
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
EUR/NZD: where to sell?
EUR/NZD formed a “hanging man” pattern on the W1 and went down to trade below the 100- and 50-week MAs.
WTI wants to recover
WTI oil has found support in the 49.35 area for the second time this February.
AUD/CHF: levels to trade
AUD/CHF formed a higher low on the H1. The pair may be forming something like a “Crab” harmonic pattern.
NZD/USD is targeting lower levels
NZD/USD has met the resistance of the 200-day MA earlier this week (0.6500) and closed below the 100-day MA (0.6460) on Thursday.
AUD/USD is driven by the news
Earlier this week, comments of country’s central bank had pushed AUD/USD up from the 2019 lows. Then it met resistance.
EUR/GBP can get higher
EUR/GBP formed an interim bottom in the 0.8930 area and closed above the 50-day MA at 0.8490 on Monday.
EUR/NZD has a lot of potential
Last week EUR/NZD made a triumphant comeback to the upside. The pair rose above the 50- and 100-week MAs in the 1.7000/7025.
S&P 500 offers trade opportunities
S&P 500 met resistance at the 61.8% Fibo of the January 24-27 decline. The index is quite volatile these days offering traders opportunities to make profit.
USD/JPY will move on the FOMC meeting
The meeting of the Federal Reserve at 21:00 Mt time will be the highlight of the day. There is a very high possibility that the event will make an impact on USD/JPY.
CHF/JPY tested support
CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
