EUR/USD: "Engulfing" at the local low
There's a bearish "Tower" pattern, which has been confirmed enough. Therefore, the market is likely going to decline towards the 55 MA.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: couple of pullbacks from 3/8 MM Level
It seems like we've got several first waves on the one-hour chart. Therefore, there's an opportunity to have an extension in wave iii of (iii).
Bank of Canada meeting: banks’ forecasts
USD/CAD enjoyed a recovery at the beginning of this week…
Bitcoin might split in two
The Bitcoin surged 160% this year as more and more people become attracted to its cyber shine…
GBP/USD: "Double Bottom" pattern
Bears faced support on the 55 MA, so we've got a "V-Bottom" pattern, which has been confirmed. In this case, bulls are likely going to...
EUR/USD: developing bullish pattern
There's a consolidation, which is taking place along the 55 Moving Average. Also, we've got a bullish "Flag" pattern, so the pair is...
AUD/USD: Bulls don’t believe in their strength
On the AUD/USD daily chart, there is a consolidation in the range of 0…
USD/CAD: Bears prepare traps
On the USD/CAD daily chart, target 113% of the Shark pattern has been fulfilled…
GBP/USD: pound going to Senkou Span B
Technical levels: support – 1…
EUR/USD: euro in consolidation
Expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market is in consolidation near the Cloud.
Morning brief for July 11
The ranges were small today in Asia…
GBP/AUD inside a strong sell zone
GBP/AUD managed to reach the 200 SMA at H4 chart, but it was sold-off in a supply zone established by our Fibonacci projections…
