Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: 1.4000 in sight?
GBP/USD: 1.4000 in sight?

GBP/USD was favored by a broad-based USD weakness during Tuesday’s session, following the news of Rex Tillerson’s dismissal as U…

GBP/USD: "Double Top" pattern
GBP/USD: "Double Top" pattern

The pair found support at 1.3876, so we could have a bullish price movement towards the nearest resistance at 1.3918 - 1.3928...

EUR/USD: developing "Pennant"
EUR/USD: developing "Pennant"

The market is likely going to test the nearest support at 1.2275 - 1.2234. If a pullback from this area happens little later on...

GBP/CAD hovering inside a buy area
GBP/CAD hovering inside a buy area

The pair is consolidating the price action around the 200 SMA at H1 chart across the board and it’s facing a strong demand zone that could help to push it higher towards new highs…

EUR/USD: "Shooting Star" pattern
EUR/USD: "Shooting Star" pattern

The market is likely going to test the nearest support area, which could be a departure point for an upward price movement...

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