Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: zigzag in wave (iv)
EUR/USD: zigzag in wave (iv)

There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so...

GBP/USD: bullish
GBP/USD: bullish "Flag"

The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance...

EUR/USD:
EUR/USD: "V-Bottom" pattern

The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601...

Gold: bulls fended off an attack
Gold: bulls fended off an attack

Recommendation: SELL $1264 SL $1279 TP $1237 TP2 $1212 On the daily chart, the first attempt to test support at $1264-1267 an ounce was a failure…

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