Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: a temporary bottom
EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

Levels to trade AUD/USD
Levels to trade AUD/USD

After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.

GBP/USD: outlook remains bearish
GBP/USD: outlook remains bearish

GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.

CAD/JPY turned down
CAD/JPY turned down

CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.

USD/JPY tries to recover
USD/JPY tries to recover

After testing the lowest levels since 2016 in the 101.18 area earlier this week, USD/JPY turned up and returned above 105.00.

EUR/CAD: correction time?
EUR/CAD: correction time?

After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.

USD/CHF: levels for trading
USD/CHF: levels for trading

The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.

Intraday ideas for XAU/USD
Intraday ideas for XAU/USD

After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!

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