Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Bitcoin (BTC/USD): 7,608 again in sight?
Bitcoin (BTC/USD): 7,608 again in sight?

A wave of sellers has hit Bitcoin again, which is currently trading below the moving averages of 50 and 200 hours, which gave rise to a bearish crossover on the H1 chart…

Sell AUD/JPY
Sell AUD/JPY

According to the NAB Research, the AUD/JPY pair will break support levels displaying the strong yen and the weak Australian dollar…

GBP/USD:
GBP/USD: "Double Bottom" pattern

The 34 Moving Average has acted as support. In this case, we should keep an eye on the next resistance at 1.4233 - 1.4277...

EUR/USD:
EUR/USD: "Flag" pattern

The market is likely going to test the next resistance at 1.2412 - 1.2445. If a pullback from this area happens little later on...

USD/JPY:
USD/JPY: "High Wave" pattern

If a pullback from the Moving Averages happens little later on, there'll be an opportunity to have another decline...

EUR/USD: bullish
EUR/USD: bullish "Harami"

There's a pullback from the Moving Averages, so the pair is likely going to continue moving up...

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