EUR/USD: developing wave (ii)
There's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore...
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY: "Window" acted as support for the second time
The 21 Moving Average has acted as support, so we've got a "Tweezers" and a "Hammer", which all have been confirmed.
EUR/USD: bearish "High Wave" and "Engulfing"
The price tested the nearest resistance once again, so we've got a bearish "Tweezers" on this level.
GBP/USD: resistance waiting for bulls
The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term.
EUR/USD: bullish "Pennant"
Bulls faced resistance at 1.1212, so the price is consolidating. Also, we've got a "Pennant" pattern, so the pair is likely going to...
GBP/USD: pound restores the trend
On the GBP/USD daily chart, there is a realization of the Wolfe Waves pattern…