EUR/JPY: bulls are counterattacking
This increases the risks of a pullback to the lower border of the 129.15-132.15 consolidation range. To continue moving down, bears have to renew May low.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/TRY ending a bearish cycle, will resume the bullish bias?
We have been seeing a huge action in the price of the USD/TRY pair across the board, after the measures taken by the Turkish Central Bank and the government by itself…
Bitcoin (BTC/USD): will we see a strong bearish breakout soon?
We have not had much action regarding the price of Bitcoin, although the 200-hour moving average continues to be maintained as dynamic resistance…
CAD/CHF reversed from support area
CAD/CHF reversed from support area Next buy target 0…
AUD/JPY reversed from support area
AUD/JPY reversed from support area Next buy target - 83…
USD/JPY: lower 'Window' has acted as support
The market is likely going to achieve the 89 Moving Average. If this line acts as resistance next...
EUR/USD: market to test nearest resistance area
We've got bullish patterns such a 'High Wave' and a 'Harami', which both have confirmation...
GBP/USD: price consolidating since 'Thorn' formed
The main intraday target is the 89 Moving Average. If a pullback from this line happens next, there'll be a moment to have...
EUR/USD: confirmed 'Double Bottom' pattern
The pair is likely going to test the nearest resistance at 1.1661 - 1.1717. A pullback from this area could be a departure point for...
GBP/USD: bulls are counting on the Indians
On the daily chart, GBP/USD is showing a sustainable uptrend within the correction to the long-term bullish trend.
USD/CHF: bears showed weakness
On the daily chart, USD/CHF is pulling back to the medium-term uptrend. Bears failed to form “Spike and ledge” and bulls returned the initiative.
XAU/USD: gold wants more but...
XAU/USD keeps forming a “Broadening wedge”. The pair’s correcting to 23.6%, 38.2% and 50% of the wave 4-5.
