Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bullish 'Flag' pattern
EUR/USD: bullish 'Flag' pattern

The market is likely going to test the next resistance at 1.1762 - 1.1799. A pullback from this area could be a departure point for...

XAU/USD: gold is making a wedge
XAU/USD: gold is making a wedge

The inability of bulls to overcome resistance at 23.6% of the wave 4-5 and lead the pair out of the descending trade channel points at their weakness.

AUD/USD: aussie is overbought
AUD/USD: aussie is overbought

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.

GBP/USD: local 'V-Bottom'
GBP/USD: local 'V-Bottom'

The pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives little later on...

NZD/USD: the kiwi met a dragon
NZD/USD: the kiwi met a dragon

On the daily chart of NZD/USD, after the pair reached the 88.6% target of the “Bat” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave.

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