Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

CHF/JPY tested support
CHF/JPY tested support

CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.

AUD/USD looks weak
AUD/USD looks weak

AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.

USD/CAD is capable of more
USD/CAD is capable of more

USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.

Levels to trade EUR/USD
Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

AUD/JPY looks exposed
AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Gold and Japanese yen: who is not a safe-haven asset anymore?
Gold and Japanese yen: who is not a safe-haven asset anymore?

In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.

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