Daily Market Analysis

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...

We've got a bearish 'Harami', but this pattern hasn't been confirmed yet. Thus, it's likely to have a local correction to...

Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here.

In April, USD/CHF broke above the resistance line connecting 2018 and 2019 highs in the 1.0130 area.

The last 'Shooting Star' has weak confirmation, so the price is likely going to test...