Daily Market Analysis

The main intraday target is the next support at 1.2658 - 1.2634. Meanwhile, if a pullback from this area happens next...

The price reached the target of the buy trade we recommended on Monday, and now it’s time to reevaluate the situation.

NZD/CAD approached the resistance line connecting 2017 and 2018 highs (0.9280) and 78.6% Fibo level (0.9260).

On the daily chart of USD/JPY, bears try to move the pair outside the triangle and lower border of the upward channel.

The oil market is awaiting news from the OPEC meeting, and traders should expect an increase in volatility and sharp moves of the price.

On the daily chart of EUR/JPY, there are implementations of the "Broadening wedge" and "Shark" patterns (88.6% target).

The market is going to test the nearest resistance at 1.1363, which could be a starting point for a decline...

If a pullback from 1.2658 - 1.2634 happens next, there'll be a moment for an upward correction towards the nearest resistance...

On the daily chart of USD/CHF, there is a transformation of the "Shark" pattern into 5-0.

On the daily chart of GBP/USD, bears managed to move the pair outside the triangle.

On November 22, the South African Reserve bank (SARB) raised its interest rate to 6.75%. How does it affect the South African rand?

It's likely that the pair is going to test the next resistance at 1.1429. If any bearish pattern forms on this level little later on...