EUR/USD: price broke the "Wedge"
All the Moving Averages lines have been broken, so the price is consolidating. It seems like we've got a developing "Flag" pattern.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/JPY: bears prepare a decline
On the daily chart, EUR/JPY the break of diagonal support (lower border of the uptrend channel) was a signal for correction towards 88…
USD/JPY reached sell target 110.00
USD/JPY reached sell target 110…
AUD/JPY falling inside minor C-wave
AUD/JPY falling inside minor C-wave Next sell targets - 85…
WTI Oil close to make a rebound around $48
WTI Oil has been bearish across the board, but in an overall picture it’s still riding a bullish structure since mid-July…
USD/JPY: "Engulfing" and "Doji"
There's a bearish "High Wave", so the price is likely going to continue moving down towards the lower "Window".
EUR/USD: bearish "Shooting Star"
The 55 Moving Average has acted as support, but there isn't any bullish pattern so far. So, we could have a new local low soon.
GBP/USD: bearish "Flag"
There's a consolidation, which is taking place near the 89 Moving Average. Also, there's a possible developing "Flag" pattern, so...
EUR/USD: "Thorn" pattern
The pair is consolidating near the 55 Moving Average. It's likely that the price is going to test the nearest support in the short term.
GBP/JPY falling inside minor ABC correction (ii)
GBP/JPY falling inside minor ABC correction (ii) Next sell target - 139…
CAD/JPY reached sell target 87.40
CAD/JPY reached sell target 87…
GBP/USD could gather demand soon
GBP/USD has been riding a bearish sequence in the short-term, according to our H1 chart projection…
