Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: "Thorn" pattern
GBP/USD: "Thorn" pattern

The market is likely going to test the nearest resistance at 1.3979 - 1.4011. This area could be a departure point for...

USD/MXN facing key resistance at 18.73
USD/MXN facing key resistance at 18.73

The USD/MXN pair remains trading above the 200 SMA and it’s approaching a key offer zone, which should activate sell orders in a short-term basis…

EUR/USD: MA acting as resistance
EUR/USD: MA acting as resistance

The last bearish "Engulfing" pattern is still on the table. In this case, if a pullback from the nearest resistance area happens...

GBP/USD: bears faced with support
GBP/USD: bears faced with support

It's likely to have a bullish price movement in the direction of the nearest resistance at 1.4011 - 1.4048 in the coming hours...

EUR/USD: local "V-Bottom" pattern
EUR/USD: local "V-Bottom" pattern

The pair is likely going to test the nearest resistance at 1.2355. If we have a pullback from this level, bears will probably try to...

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