Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: "Thorn" pattern
GBP/USD: "Thorn" pattern

There's a consolidation, which is taking place under the 34 Moving Average. So, the pair is likely going to reach the closest resistance.

EUR/USD: 34 MA acted as resistance
EUR/USD: 34 MA acted as resistance

The price is consolidating along resistance at 1.1757. If a pullback from the 55 Moving Average happens, bears are likely going to...

EUR/USD: consolidation in cloudy area
EUR/USD: consolidation in cloudy area

Bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and may test the support of Senkou Span B.

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