Daily Market Analysis

NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.

This week Brent has reached the highest levels since the end of September. It looks like oil has bottomed. Yesterday the price met resistance at 61.80 (100-day MA).

Have a look at the stock of Bank of America (BAC). Last week it released a positive earnings report and investors liked it a lot.

EUR/JPY has been moving up since the start of September. At the beginning of October, it formed a higher low. T

USD/MXN has reached the support line which has been limiting its downside since the middle of 2017.

Last week, the advance of GBP/CAD was contained by the 100-week MA at 1.71. On the D1, the pair closed yesterday below the 200-day MA at 1.6883.

On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.

AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

There are many positive developments in AUD/JPY. Will it be able to continue rising?

NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.

USD/CAD has recently been actively testing levels below the July-September support line.