Daily Market Analysis

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...

The market is likely going to test the nearest resistance at 1.2725 - 1.2759. If a pullback from this area happens next...

On the daily chart of GBP/USD, bulls try to push the pair back to the triangle's borders and the previous consolidation range between 1.27 and 1.33.

On the daily chart of USD/CHF, the transformation of the "Shark" pattern into the 5-0 one continues.

USD/JPY may have finally reached the time when it will test levels below the support line.