EUR/USD: developing "Rising Wedge"
We've got a "Double Top", which has been confirmed, so the price is consolidating. Also, there's a "Flag" pattern.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/CAD reversed from support zone
AUD/CAD reversed from support zone Next buy target - 1…
NZD/CHF reached buy target 0.7000
NZD/CHF reached buy target 0…
USD/JPY: "Window" acting as support
The price is consolidating along the 89 Moving Average, so there's a bearish "Doji", but this pattern hasn't been confirmed yet.
EUR/USD: "High Wave" at the local low
The price has been consolidating since the last "Inverted Hammer" formed. However, we've got a "High Wave at the local low.
GBP/USD: "Double Bottom" confirmed by "Flag"
We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793.
EUR/USD: consolidation right above the "Wedge"
There's a consolidation, which is taking place between the levels 1.1234 - 1.1161. Also, the price broke the Moving Averages.
GBP/USD: decision time for the pound
On the daily chart, GBP/USD broke down through the lower border of the rising trend channel…
EUR/CAD approached support level 1.4830
EUR/CAD approached support level 1…
USD/CAD broke pivotal support level 1.3260
USD/CAD broke pivotal support level 1…
USD/JPY: bullish "Harami"
We've got a "Harami" on the 89 Moving Average, but this pattern hasn't been confirmed yet.
EUR/USD: yesterday's "Window" going to act as support
There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average.
