EUR/USD: 'Shooting Star' led to a new local low
There's an opportunity to have a local upward correction in the coming hours...
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: 'Pennant' points to another decline
We should keep an eye on the next support at 3177 - 1.3150 as an intraday target. If a pullback from this area happens next...
EUR/USD: bearish 'Flag' pattern
The market is likely going to test the next support at 1.1509 - 1.1478 in the short term. A pullback from this area could be...
USD/CAD: bulls are in control
On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD).
XAU/USD: bears are armed with a wedge
Recommendations: SELL 1290 SL 1305 TP1 1272 TP2 1244 BUY 1300 SL 1285 TP1 1324 TP2 1333 TP3 1349 On the daily chart, XAU/USD formed a “Broadening wedge”…
USD/JPY: dollar needs Cloud’s support
Bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.
AUD/USD: aussie on fire
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
AUD/CHF broke support zone
AUD/CHF broke support zone Next sell target - 0…
AUD/JPY falling inside intermediate impulse wave (3)
AUD/JPY falling inside intermediate impulse wave (3) Next sell target -81…
USD/JPY: confirmed bearish 'Engulfing'
The pair is likely going to test the upper 'Window' (110.99) once again. If a pullback from this level happens little later on...
EUR/USD: market to test nearest resistance
There's an 'Inverted Hammer', so the market is likely going to test the nearest resistance at 1.1674. A pullback from this level could...
GBP/USD: market to test closest resistance
The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance...
