Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/BRL is breaking down
USD/BRL is breaking down

The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.

GBP/USD: bullish 'Thorn' pattern
GBP/USD: bullish 'Thorn' pattern

We're likely going to have an upward correction shortly. In this case, we should watch the nearest resistance at 1.2634 - 1.2658 as...

USD/ZAR: a trade idea
USD/ZAR: a trade idea

The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.

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