XAU/USD: the gold is strong
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/USD: the AUD plans its further movements
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
GBP/CHF may try to recover
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
NZD/USD: the kiwi faces the uncertainties
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented.
EUR/USD: the pair is inside the wedge
On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
EUR/GBP: let's buy the euro
On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.
Gold faces some pressure
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
AUD/USD is actively sold
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
USD/ZAR met resistance
USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/JPY: the yen weakens
On the daily chart of USD/JPY, the triangle and "Spike and Ledge" patterns based on 1-2-3 are implemented.
Bitcoin: trade on the breakout
Bitcoin is consolidating within a symmetric triangle. A boost in volatility is about to take place.
EUR/JPY: the pair plans its further movements
On the daily chart of EUR/JPY, the consolidation as a part of the "Broadening Wedge" and "Shark" patterns' implementation continues.
