Daily Market Analysis

GBP/NZD reversed from resistance zone Next sell target - 1…

NZD/CAD reversed from support zone Next buy target - 0…

Oil is always the hottest topic. Other markets may be steady, however, the oil one never is.

There's still no any reversal pattern so far. In this case, the market is likely going to test the next resistance soon...

The price is likely going to test the upper 'Window', which could be a departure point for another decline...

The pair is likely going to test the next support at 1.3457 - 1.3419. Meanwhile, a pullback from this area could be a starting point...

There's a bearish 'Flag', so the market is likely going to test the next support at 1.1762 - 1.1717. A pullback from this area could be...

On the daily chart of EUR/GBP, bears managed to seize the initiative and brought the pair to the lower border of the medium-term consolidation range (0.8695-0.9015). If the pair triggers the “Bat” pattern, the odds of it going to its 88.6% target at 0.8635 will increase.

On the daily chart, EUR/USD reached an interim target at 78.6% of the “Bat”. The pair formed an inside bar. A break of its upper border will increase the odds of a break above the diagonal resistance and a trigger of the “Shark” pattern.

EUR/NZD has been doing a retracement from the highs of May 15th and it’s challenging the Fibonacci area of 65% at 1…

In the last days of weekly trading, we are observing a consolidation, which in turn has established a range contained by the 50-hour moving average…

CAD/JPY broke resistance zone Next buy target - 87…