Daily Market Analysis

On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one.

On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions.

BTC/USD rebounded from the 200-week MA at 3212.

With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.

If a pullback from the nearest resistance at 1.1500 happens next, there'll be a moment to have a downward correction towards...

The market is likely going to reach the closest support at 1.2606 - 1.2588 in the coming hours...

Today the Bank of England will announce its statement at 15:00 MT time. Although it’s hard to imagine positive comments for the GBP, anything can happen.

On the daily chart of EUR/JPY, the implementation of the "Broadening Wedge" pattern continues.

EUR/USD is once again testing the October resistance line, upper daily Bollinger band, and the daily Ichimoku Cloud.

On the daily chart of USD/JPY, bears try to implement the combination of the "Three Indians" and "Spike and Ledge" reversal patterns based on the 1-2-3 one.

NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top.

It's likely that the pair is going to test the nearest resistance at 1.1422 shortly. The subsequent pullback from this level could lead to...