Keep an eye on EUR/NZD
EUR/NZD formed a number of candlesticks with long lower wicks on the D1 - a sign that there’s demand for the euro around 1.7300.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/TRY: levels to trade
USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.
XAU/USD: important technical levels
XAU/USD ran into the resistance area around $1,515 which has been limiting the upside since the start of October - gold hasn’t closed above this level on the D1.
EUR/CAD has reached the top of the range
EUR/CAD strengthened last week but ran into the resistance of the 100-day MA around 1.4675.
USD/CAD returned to resistance
USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance.
NZD/USD: an interesting setup
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1.
The stock of Intel is bound to move
The stock of Intel jumped last week above $56 propelled by the strong earnings report. Can it get even higher?
CAD/CHF has slumped
Have a look at the chart of CAD/CHF: the pair is testing daily moving averages.
EUR/CAD awaits the Bank of Canada
During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.
Technical levels for AUD/JPY
AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support.
GBP/AUD is leaning down
On October 16, GBP/AUD met resistance in the 1.9090 area (resistance line from March highs).
EUR/USD will have a busy week
With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week.
