Daily Market Analysis

For the past couple of days, USD/CHF has been consolidating below the resistance line that connects the highs of October and November in the 0.9990 area.

EUR/NZD has reached the bearish targets we set last week. The outlook for the single currency still seems quite negative: the price is currently at the lowest levels since September.

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.

GBP/CAD met resistance ahead of 1.7285 and formed a “shooting star” on the weekly chart.

The stock of Netflix has so far shown positive dynamics. Has it bottomed out?

AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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 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.

USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!

It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.