EURUSD is ready to rise
Several indicators confirm the bullish reversal of EURUSD.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
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AUD/NZD shows weakness
AUD/NZD is declining for the third week in a row. It’s happening as the AUD is pressured by the weak Australian data, while New Zealand is releasing more decent figures.
NZD/CAD in a bearish reversal
Today, NZDCAD gives an example of a bearish reversal scenario confirmed by the RSI and the Stochastic Indicator.
GBP/CAD formed a “shooting star”
GBP/CAD met resistance ahead of 1.7285 and formed a “shooting star” on the weekly chart.
AUD/USD is under strong resistance
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD is ready for a move
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!