Daily Market Analysis

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?

The USD started the day dropping against the Canadian dollar, now on a bullish reversal.

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!

The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.

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.

Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.

Will the new ECB president continue the monetary policy of Mario Draghi or there will be a new direction? We discuss what changes Christine Lagarde may bring to the Eurozone and how it may affect the euro.

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

A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.