Daily Market Analysis

We've got no any reversal pattern so far. In this case, after a short break, the pair is likely going to reach the next support...

We've got a 'Thorn' pattern, which pushed the price lower. In this case, it's likely that the market is going to reach the closest support...

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines.

Let’s dive into NZD trading.

There's a bullish 'Engulfing', so the market is likely going to test the 89 Moving Average...

On the daily chart, AUD/USD failed to rise above the upper border of the downtrend channel. Never the less, bulls are willing to repeat their attempt.

NZD/USD didn’t manage to return the pair to the 0.6710-0.6850 range from the first attempt and trigger “Shakeout-Fakeout” pattern.

It's likely to have a correction towards the nearest resistance at 1.3102. A pullback from this level could be a starting point for...

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

Recent tensions between the US and Canada about the North American free trade agreement (NAFTA) renegotiations as well as Brexit uncertainties brought weakness to the Canadian and British currencies…