Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CAD is over 1.21 after BoC
USD/CAD is over 1.21 after BoC

The Bank of Canada decided to keep the current policy unchanged as widely expected. However, the bank did not mention anything about tapering again in July.

How about selling EUR/USD?
How about selling EUR/USD?

EUR/USD managed to recover some of its last week’s decline, rising for the 2nd day in a row (Friday & Monday). However, such upside momentum is unlikely to continue.

Is gold ready to shoot up?
Is gold ready to shoot up?

Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.

USD/JPY: a SELL trade idea
USD/JPY: a SELL trade idea

The US dollar may find itself under additional pressure in the near term. What is the best way to trade on a weaker USD? Have a look at USD/JPY.

The US economy and the USD
The US economy and the USD

In this article, you'll find answers to major questions about the USD. Why is it rising? When will its dominance end?

USD/JPY: a SELL opportunity
USD/JPY: a SELL opportunity

USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.

How about shorting the pound?
How about shorting the pound?

The level of 23.6% Fibonacci retracement at 1.3795 is in the focus on the H4. The next level to watch on the downside is 1.3755.

USD/CAD looks vulnerable
USD/CAD looks vulnerable

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

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