Daily Market Analysis

The market is going to reach the closest resistance at 1.1429. A pullback from this level could be a starting point for a decline...

If a pullback from the nearest support could lead to an upward price movement towards the next resistance...

The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.

It looks like the downside is still not finished.

There's a bearish 'Three Methods' pattern, so the price is likely going to test the next support at 1.1363 soon...

We should watch the closest important resistance at 1.2930 - 1.2057 as an intraday target...

On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.

The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support...

We should keep an eye on the nearest support at 1.2814 - 1.2772. If a pullback from this area happens little later on...

NZD/USD made a confident rebound during the recent two weeks.

Last week EUR/USD tested 1.1570 but then retraced down and closed below 1.15.

The price is likely going to continue declining towards the 89 & 144 Moving Averages. If a pullback from these lines happens next...