Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: confirmed "Double Top"

We've got a "Thorn" pattern, which pushed the price to support at 1.2793. Meanwhile, the pair is likely going to test support at 1.2757.

AUD/USD: aussie supported by Kijun-sen

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen,  rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30.

GBP/USD: bulls made new local highs

Narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.

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