Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: "V-Bottom" pattern

The market is likely going to reach the nearest resistance at 1.4011 - 1.4066. Meanwhile, if a pullback from this area happens...

gbp
AUD/USD: aussie will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had corrected to Tenkan-sen and ready to continue the main trend.

aud
GBP/USD: pound corrected to Kijun-sen

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are corrected to Kijun’s resistance and may continue the downtrend.

gbp
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