USD/CAD could reach the 50% Fibonacci level
Loonie has been trading in a corrective phase across the board with an ongoing consolidation below the 50 SMA at H1 chart…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Bitcoin (BTC/USD): another leg lower towards 6,000?
To define in a word the price dynamics in Bitcoin we could say that "correction" would be the most appropriate to refer to it…
EUR/AUD broke resistance level 1.6000
EUR/AUD broke resistance level 1…
AUD/NZD broke key support level 1.0650
AUD/NZD broke key support level 1…
USD/JPY: bullish 'Three Methods' pattern
The market is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards...
EUR/USD: bearish 'Doji' led to decline
It's likely that after a short break the pair is going to reach the 144 Moving Average...
GBP/USD: 'Double Top' pattern
The market is likely going to test the nearest support at 1.4144. However, if we see a pullback...
EUR/USD: 'V-Top' pattern
The pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens...
USD/CAD: loonie is hunting a shark
Recommendation: SELL 1…
USD/JPY: the Dollar returned to Kijun
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen; a market was oversold and corrected to Kijun-sen – the downtrend may continue soon.
AUD/USD: testing Cloud’s resistance
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud, but with the lines are horizontal; the prices in a correction movement to the Cloud and can be stopped by Cloud’s resistance.
XAU/USD: gold is resuming the uptrend
Recommendations: BUY 1365 SL 1350 TP1 1395 TP2 1410 TP3 1425 BUY 1340 SL 1325 TP1 1380 TP2 1395 TP3 1410 On the daily chart of XAU/USD, the inability of bears to pull the pair below the support at 1302-1308 points at their weakness…
