Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: triangle in wave [iv]
EUR/USD: triangle in wave [iv]

Wave [iv] has been ended on 1/8 MM Level, so we've got an upward impulse in wave (i). In this case, we could have...

GBP/USD: "Exhaustion Gap"
GBP/USD: "Exhaustion Gap"

The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to...

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

The last "Pennant" has been broken, so bulls pushed the price higher. Also, we've got a "V-Top" pattern, so the price is consolidating.

USD/JPY looking to strengthen the bears
USD/JPY looking to strengthen the bears

USD/JPY has been reading a bearish sequence across the board and currently, a sideways range has appeared in the scene, helping to cap further advances in the pair above the resistance level of 109…

EUR/USD: bullish "Engulfing"
EUR/USD: bullish "Engulfing"

The 55 MA has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so...

EUR/USD: price still consolidating
EUR/USD: price still consolidating

There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to...

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