Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: 'Flag' has been broken
EUR/USD: 'Flag' has been broken

The market is likely going to test the closest resistance at 1.2346 - 1.2358. Meanwhile, if a pullback from this area forms...

GBP/USD: pound reached 3W-highs
GBP/USD: pound reached 3W-highs

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market is growing up and reached 3W-highs, but inside a overbought area on daily timeframe.

EUR/USD: euro looking for support on 1.2300
EUR/USD: euro looking for support on 1.2300

Narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market had returned into the cloudy area and looking for the support to continue uptrend.

Bitcoin (BTC/USD) pointing upwards in the short term
Bitcoin (BTC/USD) pointing upwards in the short term

Finally, the opportunity has arrived that the bulls have been waiting for several days and the Bitcoin managed to break the resistance in 6926 and now we are seeing that the level of 7586 is serving as a barrier of contention for buyers in the short term…

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