Daily Market Analysis

EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!

It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.