GBP/USD: resistance waiting for bulls
The last “Pennant” was broken, but bulls haven’t moved higher yet. So, the price is consolidating.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: broken "Pennant"
Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards.
EUR/USD: wave (iii) going to end
There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon.
USD/JPY: bulls can't stop
The 34 Moving Average has acted as a support, so the price is rising.
EUR/USD: "Window" still open
Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern.
GBP/USD: "Pennant" pushing price higher
The market is likely going to test the next resistance at 1.2911 – 1.2945 during the day.
EUR/USD: bulls going to test Monday's high
We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918.
Gold came across the wedge
On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce…
AUD/NZD reversed from support zone
AUD/NZD reversed from support zone Next buy target - 1…
EUR/NZD rising inside intermediate impulse wave (3)
EUR/NZD rising inside intermediate impulse wave (3) Next buy target - 1…
EUR/USD: wave 2 on the way
Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1.
USD/JPY: bulls going to test last high again
A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average.
