Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: euro supported by Kijun-sen
EUR/USD: euro supported by Kijun-sen

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the support of Kijun-sen, but correction may continue to Cloud’s levels.

EUR/GBP holding the 65% Fibo zone
EUR/GBP holding the 65% Fibo zone

EUR/GBP consolidates the price action above the Fibonacci zone of 65%, which is currently being held due that it’s proven to be a strong nut to crack across the board…

Bitcoin (BTC/USD) close to reach a take-profit zone
Bitcoin (BTC/USD) close to reach a take-profit zone

The sell-off wave in the cryptocurrency continued to expand during the session on January 17, where the US dollar has been gaining ground against the BTC and now we see that it is consolidating below the 10,000 mark…

EURUSD: developing wave [iv]
EURUSD: developing wave [iv]

We're likely going to have a consolidation in the short term. Nevertheless, the market is likely going to continue moving up...

EURUSD:
EURUSD: "High Wave" pattern

If the 34 Moving Average acts as support, there'll be an opportunity to have another upward price movement...

EURUSD:
EURUSD: "V-Top" pattern

The market is likely going to test the nearest support at 1.2225 - 1.2164. If a pullback from this area happens...

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