USD/CAD: bulls got into a trap
Recommendation: SELL 1…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
XAU/USD: gold chose direction
Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, inability of bulls to conquer resistance at $1299-1302 an ounce with the following return of the price inside the $1266-1288 consolidation range points at buyers’ weakness…
USD/JPY: a corrective move is coming
USD/JPY has been rallying since November 27th and is doing a consolidation above the 200 SMA at H1 chart…
EUR/CAD falling inside minor corrective wave (ii)
EUR/CAD falling inside minor corrective wave (ii) Next sell target - 1…
NZD/CHF reversed from major support level 0.6730
NZD/CHF reversed from major support level 0…
USD/JPY: bearish "Engulfing"
We could have just a local correction and the following upward price movement afterwards...
EUR/USD: 144 MA acting as support
There's a bullish "Engulfing", but this pattern hasn't been confirmed. So, the pair is likely going to test the lower "Window"...
GBP/USD: "Double Top" pattern
The price is likely going to reach the nearest support at 1.3386 - 1.3363 in the coming hours. If a pullback from this area happens afterwards...
EUR/USD: "Breakaway Gap"
The price has broken all the Moving Averages. However, bears faced with support at 1.1836. In this case, the pair is likely going to...
AUD/USD: bulls clutch at a straw
Recommendation: BUY 0…
NZD/USD: kiwi is waiting for a signal
Recommendation: SELL 0…
GBP/USD: pound in correction to Kijun
Expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is in correction phase and may testing Kijun’s support.
