Daily Market Analysis

The technical necessity of a downturn was visible in XAU/USD for a long time.

There's a 'Shooting Star', which has been confirmed enough. It's likely to have a local upward correction towards...

It's likely that the market is going to test the nearest resistance at 0.6936 - 0.6962 in the short term...

There's a 'Doji' pattern, which has been confirmed. Thus, it's likely that the market is going to test the upper 'Window'...

There's a 'Double Bottom', which has been confirmed, so the price is rising. However, it seems like we could have a bearish...

The pound is affected by Brexit uncertainty and may slide even lower.

On H4, we can see that the pair fixed below the line connecting the lows of April and May in the area of 1.1180.

There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed.

There's a 'V-Bottom' pattern, which led to the current upward price movement…

USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).

It seems that EUR/GBP has finally broken out of the range within which it was trading in March and April.

We've got a 'Three Methods' pattern, so the market is likely going to test the next support at 1.2777 in the short term...