WTI met resistance
WTI oil formed a “shooting star” candlestick on W1 around 61.8% Fibonacci resistance of the October-December decline.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/GBP may finally leave its range
If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range.
Stock market: pay attention to Disney
Learn how the new streaming service can make Disney gain.
GBP/USD is under pressure
GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle.
EUR/NZD has a chance to get higher
This month EUR/NZD broke the downtrend resistance line which was in place since the start of January.
Trading on the risk sentiment
CAD/JPY is sensitive to the market sentiment: if risk appetite improves, the pair will rise, while if traders become risk-averse, the pair will fall.
EUR/USD and its patterns
The price action seen at the H4 chart resembles an inverted “Head and Shoulders” pattern with a neckline at 1.1250.
NZD/USD will soon meet an obstacle
NZD/USD closed last week below the declining 50-week MA (0.6765).
AUD/CAD has trouble rising
AUD/CAD met resistance at the line connecting December and March highs.
USD/CAD awaits NFP
The release of the US and Canadian data at 15:30 MT time will bring substantial volatility to the pair.
EUR/JPY: a “Shark” pattern
EUR/JPY has been trading within an uptrend channel since the end of March.
Stock market: Tesla may turn down
Tesla stock declined since the end of last year and got to the bottom of the range of 2018.
