AUD/NZD: a trade idea
The pair will be vulnerable for a decline to support at 1.0440.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Oil is looking for a base
Since the end of December, the price of WTI has substantially recovered.
EUR/USD: lower 'Window' acting as support
We had a 'Harami' pattern, which has been confirmed, so the price is likely going to continue declining. The main intraday target is...
GBP/USD: 'Double Top' points to correction
The market is likely going to test the nearest support at 1.3042 - 1.3032. If a pullback from this area happens little later on...
EUR/CHF met a strong resistance
EUR/CHF formed an ‘Inside bar’ candlestick pattern followed by a ‘Fakey’.
EUR/USD: market to test the lower 'Window'
We've got a bearish 'Engulfing', which has been formed on the 34 Moving Average. In this case, the pair is likely going to...
GBP/USD: 'Double Bottom' pushing price higher
The main intraday target is the next resistance area at 1.3013 - 1.3032. Meanwhile, if a pullback from these levels happens next...
The key levels for the South African Rand this week
After the bullish start of the year, the rand has started to weaken since the last Thursday. Let’s point out the main factors affecting the ZAR and set the key levels for this week’s trading.
EUR/NZD is ready to fall
The pair’s continuing the overall downtrend since October as it breached down the wedge earlier this month.
EUR/USD: pair consolidating under closest resistance
It's likely that the market is going to test the lower 'Window' at 1.1327 in the coming hours...
GBP/USD: 34 Moving Average acted as support
The market is likely going to test another support at 1.2839 - 1.2814 in the coming hours. If a pullback from this area happens next...
JPY or USD: who is stronger?
If we look at the daily charts of the US dollar index and the USD/JPY pair, we will see a misleading trend.
