Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/GBP: let's buy the euro

On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.

Gold faces some pressure

Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.

USD/ZAR met resistance

USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.

EUR/USD is at the key support

EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time

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