Daily Market Analysis

GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.

With many political and economic uncertainties in the country, we may just wonder whether the local elections on March 31 will help the government to keep the lira under control.

There's a bearish 'Harami', which hasn't been confirmed yet. Therefore, the market is likely going to test the upper 'Window'...

The market is likely going to achieve the nearest resistance at 147.00 - 147.80 in the coming hours...

It looks like the fall is still unfinished and the NZD may fall to the support line.

The company’s presentation on Monday didn’t save its stock from correction.

We're going to have a local correction towards the nearest resistance at 111.26. The subsequent pullback from this level could be...

It's likely that the market is going to reach the nearest support at 0.6872 and the Moving Averages in the short term...

It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.

The main trend is bearish, there's also a 'Harami' pattern, which has been confirmed. So, the market is consolidating around the 'Window'...

Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve...

EUR/USD formed a bearish candlestick with a big upper wick on the weekly chart.