Daily Market Analysis

GBP/CAD met the resistance of the 50-month MA in the 1.7765 area.

There's a 'Double Top' pattern, which has been confirmed, so the price is likely going to test the nearest support at 0.6543 in the short term...

GBP/USD formed a lower high just above 1.30 (psychological level, 50-week MA).

Find out what analysts expect from the earnings reports of the top US companies.

The last bullish 'Tweezers' pushed the price higher. There's no any bearish pattern so far, so the price is likely going to...

For 3 weeks in a row, EUR/CHF tried to close above the resistance line connecting October and February highs and failed.

It's likely that the market is going to test the 34 Moving Average in the short term...

There's a bearish 'Thorn', so the price is likely going to reach the nearest support at 0.6947 in the near future...

So we're likely going to have a local upward correction towards the upper 'Window' (111.09)...

The 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support...

This week NZD/USD tested the lowest levels since October in the area of 0.6525 after the Reserve Bank of New Zealand reduced its interest rate to 1.5%.

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