Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD Is Ready for Reverse Up
GBP/USD Is Ready for Reverse Up

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

USD Downside Retracement Resumes
USD Downside Retracement Resumes

4H Chart Daily Chart The US Dollar Index failed to sustain its recent gains above its 50 DAY MA, the index declined back yesterday with higher trading volume, while all eyes are on the PPI data today after mixed economic releases over the past few…

Gold Trade Update
Gold Trade Update

Daily Chart 4H Chart Gold managed to post further gains at the end of last week's trading amid fears of Covid19-Delta variant, in addition to the Federal Reserve's remarks about QE tapering…

SPCE: Huge Short Opportunity
SPCE: Huge Short Opportunity

What happened? Sir Richard Branson risks losing his grip on Virgin Galactic as he continues to sell down his stake in the space tourism venture to fund his pandemic-hit businesses…

New EUR/USD Trade
New EUR/USD Trade

4H Chart  Daily Chart  EURUSD declined back yesterday after trying to test its 1…

EUR/USD Trade Update
EUR/USD Trade Update

EURUSD Daily Chart EURUSD 4H Chart EURUSD declined slightly at the beginning of yesterday’s trading, reaching as low as 1…

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