Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bearish
EUR/USD: bearish "Shooting Star"

There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 MA...

EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

EUR/USD: 89 MA acted as support
EUR/USD: 89 MA acted as support

We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 MA...

GBP/USD: bearish
GBP/USD: bearish "Double Top"

The 34 MA has acted as support, so there's a local bullish price movement, which could turn out to be a "Flag" pattern.

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