Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: bearish
GBP/USD: bearish "Pennant"

The 55 Moving Average is acting as a support. Also, there's a "V-Bottom", so the price is consolidating.

EUR/USD: bears ready to go
EUR/USD: bears ready to go

Considering the last "Triple Top", the market is going to test support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap".

USD/JPY: bearish
USD/JPY: bearish "Tower"

There's a "Tower' pattern. The price has reached the 34 Moving Average, so we could have a local bullish correction.

EUR/USD: wave ii going to end
EUR/USD: wave ii going to end

We've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag.

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