GBP/CAD formed a “shooting star”
GBP/CAD met resistance ahead of 1.7285 and formed a “shooting star” on the weekly chart.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
The stock Netflix is gaining
The stock of Netflix has so far shown positive dynamics. Has it bottomed out?
AUD/USD is under strong resistance
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
EUR/CAD is ready for a move
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.
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
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.
