Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: broken upward "Wedge"
EUR/USD: broken upward "Wedge"

There's a "V-Top" pattern, so the price reached the nearest support at 1.1772. In this case, the market is likely going to...

Gold (XAU/USD) looking to make a strong rebound
Gold (XAU/USD) looking to make a strong rebound

Bears have been the headliners in the Gold’s price action across the board and according to the H4 chart, XAU/USD is expected to finish a correction started since three weeks ago…

EUR/USD: bullish "Three Methods"
EUR/USD: bullish "Three Methods"

The last "Inverted Hammer" and "Engulfing" patterns led to the current bullish price movement. Also, there's a "Three Methods"...

GBP/USD: "Pennant" pattern
GBP/USD: "Pennant" pattern

The market is consolidating between the levels 1.3444 - 1.3328. At the same time, there's a downward "Wedge", so the pair is...

EUR/USD: "Double Bottom"
EUR/USD: "Double Bottom"

The price is consolidating between the levels 1.1772 - 1.1793. Also, we've got a "Pennant" pattern, which has been broken. So...

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