Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD could enter into a corrective phase
GBP/USD could enter into a corrective phase

GBP/USD has been taking the flag in favor of the bulls in the short-term, as the price action is showing a strong consolidation above the 50 SMA at H1 chart, which also points to the upwards across the board…

EUR/USD: 'Flag' has been broken
EUR/USD: 'Flag' has been broken

The market is likely going to test the closest resistance at 1.2346 - 1.2358. Meanwhile, if a pullback from this area forms...

Bitcoin (BTC/USD) pointing upwards in the short term
Bitcoin (BTC/USD) pointing upwards in the short term

Finally, the opportunity has arrived that the bulls have been waiting for several days and the Bitcoin managed to break the resistance in 6926 and now we are seeing that the level of 7586 is serving as a barrier of contention for buyers in the short term…

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