Daily Market Analysis

NZD/USD reached the previous high at 0.6884 but failed to move higher.

The market is likely going to test the nearest support at 1.1327. The subsequent pullback from this level could lead to...

We had a 'Triple Top' pattern, which led to the current upward price movement. It's likely that the pair is going to...

On a daily chart of EUR/JPY, the consolidation as a part of the implementation of the “Broadening wedge” pattern continues.

On a daily chart of USD/JPY bulls could not move the pair outside the triangle.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel Tenkan-Kijun.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

USD/MXN has met resistance at the line connecting 2017 and 2018 highs.

USD/CHF formed a bearish “flag”. It’s trading below the 50-day MA at 0.9937.

The USMCA agreement between the US, Canada and Mexico and the new president-elect inauguration were expected to shed some light to the MXN. However, the election of Andres Manuel Lopez Obrador resulted in many uncertainties for the investors and therefore weakened the Mexican peso.

We should keep an eye on the closest resistance at 1.1309 as a possible departure point for a decline in the direction of...

We're likely going to have a new local low soon. In this case, we should watch the nearest support...