Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: 'V-Top' led to decline
GBP/USD: 'V-Top' led to decline

It's likely that the market is going to test the nearest support at 1.3763 - 1.3739, which could be a starting point for a bullish correction...

EUR/USD: no any reversal pattern
EUR/USD: no any reversal pattern

The price is likely going to continue moving lower. At the same time, there's an opportunity to have an upward correction little later on...

EUR/GBP stays near a key support zone
EUR/GBP stays near a key support zone

EUR/GBP plummeted across the board during April 26th journey, as the sellers have been actively pushing the pair to the downside and below the 200 SMA at H1 chart…

EUR/USD: bullish 'High Wave'
EUR/USD: bullish 'High Wave'

We could have an upward correction in the short term. However, if a pullback from the nearest resistance happens next...

GBP/USD: local 'V-Top' pattern
GBP/USD: local 'V-Top' pattern

The market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on...

EUR/USD: 'Wedge' pattern was broken
EUR/USD: 'Wedge' pattern was broken

It's likely that the market is going to test the next support at 1.2129 - 1.2080, which could be a departure point for a bullish correction...

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