Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: wave [iii] started
EUR/USD: wave [iii] started

It seems like wave [iii] has been started, so we could have another bullish impulse in the short term...

EUR/USD:
EUR/USD: "V-Top" pattern

We've got a "Triple Top", so the price is consolidating. The main intraday target is the closest resistance at 1.1819 - 1.1831.

USD/JPY:
USD/JPY: "Three Methods" pattern

We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens...

GBP/USD: local
GBP/USD: local "V-Top" pattern

We've got a "Double Top", so the market is likely going to test the next support at 1.3169 - 1.3144 during the day...

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