Daily Market Analysis

USD/SGD is recoiling down from the resistance line going back from October highs.

There's a 'Hammer' pattern, which led to the current upward price movement. In this case, we should watch the nearest resistance...

We've got a local 'V-Bottom', so there's an opportunity to have an upward price movement towards the nearest resistance...

GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.

There's a bearish 'Harami', which hasn't been confirmed yet. Therefore, the market is likely going to test the upper 'Window'...

The market is likely going to achieve the nearest resistance at 147.00 - 147.80 in the coming hours...

It looks like the fall is still unfinished and the NZD may fall to the support line.

We're going to have a local correction towards the nearest resistance at 111.26. The subsequent pullback from this level could be...

It's likely that the market is going to reach the nearest support at 0.6872 and the Moving Averages in the short term...

It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.

The main trend is bearish, there's also a 'Harami' pattern, which has been confirmed. So, the market is consolidating around the 'Window'...

Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve...