Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: the Bears are tired
GBP/USD: the Bears are tired

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal; the prices are on the new lows, but daily market is extremely oversold.

EUR/USD: euro is in consolidation
EUR/USD: euro is in consolidation

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market on the new lows and oversold.

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

The market is likely going to test the closest trendline. If a pullback from this level forms little later on, bears will probably try to deliver...

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