Daily Market Analysis

The market is likely going to test the 34 Moving Average in the coming days...

It's likely to have a local downward correction in the coming hours. In this case, we should watch...

“Those who speculate and short the yuan will for sure suffer heavy loss…

Have a look at the pair EUR/NZD as it might present some interesting trade ideas.

The pair is likely going to reach the closest resistance at 1.2885. If a pullback from this level happens next...

The main bullish target is the nearest resistance at 0.6962 - 0.6987 and the 89 Moving Average...

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.

The pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next...

The Moving Averages have acted as resistance, so there's a green light for a local decline. In this case, we should watch...

We've got a 'Tweezers' pattern, which has been confirmed. Thus, it's likely that the market is going to test the next support...

Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885...