Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: price still consolidating
EUR/USD: price still consolidating

There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to...

EUR/USD: bullish
EUR/USD: bullish "Pennant"

The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards...

USD/JPY:
USD/JPY: "Hammer" and "Belt Hold"

There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to...

EUR/USD: developing zigzag
EUR/USD: developing zigzag

There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an opportunity to have wave iii of (c) soon. In this case...

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