Daily Market Analysis

USD/JPY is forming on the H1 what looks like a bearish “Butterfly” pattern. Learn more!

USD/TRY ran into the resistance of 5.83. Traders are taking profit and readjusting positions after a very big advance that happened on Monday.

Last week, AUD/NZD formed a lower high on the D1 and then stayed below 1.0730/20 during the following days.

The market always lives by expectations…

Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.

Technically WTI is testing levels below the 200-week MA. This makes it vulnerable for the retest of June and August lows.

America will release more economic figures on Tuesday and Friday, and USD/JPY should be one of the most active movers on the news.

The USD has been steady versus a basket of major currencies since the start of 2019 but suffered this week. So, what future awaits it?

EUR/JPY remains within the general downtrend and looks like it’s ready for another swing lower.

Times are quite turbulent for the British pound. GBP/CAD has already retraced down 61.8% of the August-September advance.

USD/JPY has been slowly moving higher during the recent days and approached September highs in the 108.47 area.

AUD/NZD has once again turned down from 1.0800 as the AUD got hit by the RBA’s decision to cut its interest rate.