Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

NZD/USD got hit hard
NZD/USD got hit hard

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

USD/JPY: bullish 'Doji'
USD/JPY: bullish 'Doji'

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

CAD/JPY: a pattern has emerged
CAD/JPY: a pattern has emerged

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.

EUR/USD: main trend still bearish
EUR/USD: main trend still bearish

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

What may determine the direction of oil prices?
What may determine the direction of oil prices?

The fears about the global economic slowdown have deepened this week after the disappointing release of manufacturing PMI for Europe. Will this situation put an end to the bullish optimism in the oil market?

GBP/USD: bearish 'Harami' pattern
GBP/USD: bearish 'Harami' pattern

The 55 Moving Average has acted as support once again, but there's no any reversal pattern so far. In this case, the pair is likely going to...

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