EUR/USD: wave (iii) of [v] may have been formed
The price is still rising in wave C of (E). It seems like wave [v] of C is likely going to be continued. In this case, we should keep an eye on...
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.
EUR/USD: local bearish "Thorn" pattern
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
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.
GBP/USD could lose steam around 1.2860, resuming bearish bias
GBP/USD found a demand area between 1…