Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: "Double Top" pattern
EUR/USD: "Double Top" pattern

The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average.

Oil (WTI) favored by the bears
Oil (WTI) favored by the bears

Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern…

EUR/USD: bearish "Doji"
EUR/USD: bearish "Doji"

We've got an "Engulfing" pattern at the last local high. Considering confirmation of this pattern, the price is likely going to...

EUR/USD: possible wedge pattern
EUR/USD: possible wedge pattern

The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv].

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

There's a consolidation, which is taking place under the 34 Moving Average. So, the pair is likely going to reach the closest resistance.

EUR/USD: 34 MA acted as resistance
EUR/USD: 34 MA acted as resistance

The price is consolidating along resistance at 1.1757. If a pullback from the 55 Moving Average happens, bears are likely going to...

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