GBP/USD: pound may go higher
Bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span A.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY Fibonacci analysis: close to test a strong support
USD/JPY has been following a bearish channel since last week and it looks like that the path is driving towards the Fibonacci retracement zone of 50% and 65% at 111…
USD/CHF broke multi-month support level 0.9550
USD/CHF broke multi-month support level 0…
EUR/USD rising inside minor impulse wave 5
EUR/USD rising inside minor impulse wave 5 Next buy target - 1…
USD/JPY: all the last candles are bullish
There are bullish patterns such a "Hammer" and a "Harami", which both have been confirmed. The upper "Window" is acting as resistance.
EUR/USD: bearish "Three Methods" pattern
The last "Shooting Star" pattern has been confirmed, so the pair is likely going to test the 34 Moving Average.
EUR/USD: price fixated under 5/8 MM Level
We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i].
GBP/USD: possible "Pennant" pattern
Bears faced support at 1.3006, so the price is consolidating. The market is likely going to decline towards the 34 & 55 MA.
EUR/USD: "V-Top" pattern
The 34 MA has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance.
USD/JPY: bulls prepare for an attack
Recommendation: BUY 112…
Gold is in trouble
Recommendation: SELL $1236 SL $1246 TP1 $1224 TP2 $1210 On the daily chart, gold is testing the neckline of the “Head and Shoulders” pattern…
GBP/USD approaches a strong demand zone
GBP/USD is looking for a very interesting Fibonacci area where buyers could appear…
