Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bearish
EUR/USD: bearish "Engulfing"

We've got a bearish "Tower", which has been confirmed enough. Therefore, the market is likely going to reach the nearest support.

GBP/USD:
GBP/USD: "V-Bottom" pattern

The price found support at 1.2860, so we've got a "Triple Top", which led to decline to the 89 Moving Average. Also, there's a developing "Flag" pattern...

Gold: bears have great plans
Gold: bears have great plans

On the daily chart of gold, breaks of the lower border of the upward trading channel and the neckline of the Head and Shoulders pattern may result in a further downfall…

USD/JPY: bulls were set free
USD/JPY: bulls were set free

On the USD/JPY daily chart, the exit of quotes beyond the limits of the long-term downward channel followed by the successful test of the resistance at 113…

USD/JPY: new high coming soon
USD/JPY: new high coming soon

We've got a "Doji" and a "Shooting Star" at the last high, so bears are likely going to test the closest "Window" during the day.

GBP/USD: consolidation near 89 MA
GBP/USD: consolidation near 89 MA

There's a "Triple Top", which pushed the price to support at 1.2947. So, the pair is likely going to decline in the direction of...

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