Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD is under pressure
GBP/USD is under pressure

GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle.

USD/CAD: bullish 'Hammer' pattern
USD/CAD: bullish 'Hammer' pattern

It's likely that the pair is going to test the nearest resistance at 1.3391. However, if a pullback from this level happens little later on...

Trading on the risk sentiment
Trading on the risk sentiment

CAD/JPY is sensitive to the market sentiment: if risk appetite improves, the pair will rise, while if traders become risk-averse, the pair will fall.

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