Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CAD is holding above support
USD/CAD is holding above support

USD/CAD declined once again to the same support area between 1.2040 and 1.2020 which remains solid for over three weeks now.

Gold: a risk of selling
Gold: a risk of selling

As warned over the past few days, gold is not in a position to keep on rising. Yesterday gold managed to rise all the way to $1,916.

Aussie Selloff Ahead?
Aussie Selloff Ahead?

AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.

Gold is Below $1900
Gold is Below $1900

In line with our expectations mentioned in yesterday’s note. Gold failed to sustain its gains above $1900/Oz and declined back all the way to $1888 during the Asian session today,

USD Index is Testing Trendline
USD Index is Testing Trendline

The US Dollar Index tested the higher line of its downtrend channel on the daily chart but failed to breakout, following the disappointment of the 2nd reading of Q1 GDP.

USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Why it's not the time for gold
Why it's not the time for gold

Gold managed to break above $1900/Oz during yesterday’s trading reaching as high as $1913/Oz. However, it failed to sustain these gains...

USD/CAD Showing Some Life Finally
USD/CAD Showing Some Life Finally

USD/CAD managed to bounce off its support area mentioned in our previous report at 1.2060’s and continued to rise throughout yesterday’s trading reaching as high as 1.2141

Take a look at USD/CAD
Take a look at USD/CAD

USD/CAD has been trading within a tight range for over two weeks now and holding well above 1.2050’s. Read more!

Nvidia: up for a gain?
Nvidia: up for a gain?

We're going to receive the earnings report from Nvidia on Wednesday midnight, and observers are convinced it'll be a bingo.

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