Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: bullish 'Engulfing'
USD/JPY: bullish 'Engulfing'

It's likely that the pair is going to test the 34 or 55 Moving Average shortly. A pullback from one of these lines could be...

AUD/USD is breaking wedges
AUD/USD is breaking wedges

On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed.

NZD/USD got into a cage
NZD/USD got into a cage

On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed.

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