Daily Market Analysis

There are many ways to bet on the decline in the British pound.

The last 'Tweezers' and 'Shooting Star' hasn't been confirmed yet, so it's still possible to have a test of the local upper 'Window'...

We've got a bearish 'Thorn', so the market is likely going to test the nearest support 0.8543 - 0.8556 in the short term...

The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.

AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06.

Recent European economic data seemed to bring optimism to the euro area.

The last bearish 'Shooting Star' and 'Harami' haven't been confirmed and there's no any reversal pattern so far...

It's likely that the pair is going to continue falling down towards the next support at 143.32 - 143.02 in the short term...

The stock of Nvidia retraced about 40% of the 2018 decline but met resistance in the 193 area.

It looks like the euro is vulnerable to further declines versus the Japanese yen.

Although EUR/USD has recently tested levels just above 1.11, buyers didn’t let the euro fall lower.

There's a 'V-Top', so the market is likely going to continue declining. The main bearish target is the next support...