Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bearish
EUR/USD: bearish "Tweezers"

There are bearish patterns such an "Engulfing", a "High Wave" and a "Tweezers", which all have been confirmed. In this case, bears...

EUR/USD:
EUR/USD: "Double Top" pattern

Bulls faced resistance at 1.1846, so the price is consolidating. Therefore, the market is likely going to reach the nearest support...

USD/JPY: Dollar made new local lows
USD/JPY: Dollar made new local lows

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the prices are made the new lows, but the market is oversold.

GBP/USD: pound is under main resistance
GBP/USD: pound is under main resistance

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; but the market is under strong daily resistance.

USD/JPY:
USD/JPY: "Harami" pattern

There's a "Shooting Star", which has confirmation. In this case, the 34 Moving Average is likely going to act as support...

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