Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: bearish
USD/JPY: bearish "Tower"

The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough...

EUR/USD:
EUR/USD: "Three Methods" pattern

The 55 MA is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so...

GBP/USD: new
GBP/USD: new "Breakaway Gap"

The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area...

EUR/USD:
EUR/USD: "Thorn" pattern

It's likely that the pair is going to achieve the next support at 1.1615. However, if a pullback from this level happens little later on...

USD/JPY: bullish
USD/JPY: bullish "Harami"

It seems like we're about to have another test of the Moving Averages, which could be a departure point for...

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