Daily Market Analysis

We're likely going to have a local downward correction soon, but then bulls will probably try to test the 55 Moving Average...

It's likely that the pair is going to test the 89 MA in the coming hours, which could act as resistance...

Gold has been trying to consolidate its price action well above the 200 SMA at H1 chart and we can see that a corrective move could take place towards the Fibonacci level of 50% at 1313…

The Bitcoin remained stable over the weekend and is that the price action was limited due to the lack of fundamental catalysts that could trigger volatility…

NZD/CHF broke support zone Next sell target - 0…

NZD/USD reversed from resistance level 0…

There's a bullish 'High Wave' pattern. In this case, the market is likely going to test the upper 'Window' in the coming hours...

There's a bullish 'Three Methods', so the market is likely going to reach the 55 Moving Average. If this line acts as resistance...

It's likely that the market is going to test the closest support at 1.3549 - 1.3531 within the next few hours...

There's a broken 'Pennant', so the market is likely going to test the next resistance at 1.2025 - 1.2031 in the short term...

During the last few days, NZD/USD has been recovering from the broad-based weakness seen in the week, now consolidating gains slightly above the 50 SMA at H1 chart…

It was not a good week for the Bitcoin bulls, where once again the price was consolidated below the 9000 barrier, thus moving away from the important psychological level of 10000…