Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

WTI met resistance
WTI met resistance

WTI oil formed a “shooting star” candlestick on W1 around 61.8% Fibonacci resistance of the October-December decline.

GBP/USD is under pressure
GBP/USD is under pressure

GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle.

USD/CAD: bullish 'Hammer' pattern
USD/CAD: bullish 'Hammer' pattern

It's likely that the pair is going to test the nearest resistance at 1.3391. However, if a pullback from this level happens little later on...

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