AUD/USD is actively sold
AUD/USD has already substantially declined last week forming a big engulfing candlestick on W1.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: 'Window' acted as support once again
The price is likely going to test the closest resistance at 1.1416. The subsequent pullback from this area could lead to a decline...
GBP/USD: 'Double Bottom' pushed price higher
The main intraday target is the closest resistance area at 1.2695 - 1.2725. If a pullback from these levels happens next...
USD/ZAR met resistance
USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/JPY: the yen weakens
On the daily chart of USD/JPY, the triangle and "Spike and Ledge" patterns based on 1-2-3 are implemented.
Bitcoin: trade on the breakout
Bitcoin is consolidating within a symmetric triangle. A boost in volatility is about to take place.
EUR/JPY: the pair plans its further movements
On the daily chart of EUR/JPY, the consolidation as a part of the "Broadening Wedge" and "Shark" patterns' implementation continues.
Is there any hope for the aussie to recover?
Last week turned out to be disappointing for the AUD bulls, despite the gap up opening on Monday after the negotiations between the Chinese and US presidents. What are the reasons behind this slide?
EUR/USD: lower 'Window' acted as support
If a pullback from the nearest resistance happens next, bears are likely going to test the next support at 1.1283...
GBP/USD: bullish pattern to form
We should watch the nearest resistance at 1.2588 as an intraday target...
GBP/USD: the pound is moving down
On the daily chart of GBP/USD, bears managed to break the support at 1.27 and move the pair out of the triangle.
USD/CHF: the franc is weak
On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0.
