Daily Market Analysis

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…

CAD/CHF reached buy target 0…

AUD/CHF rising inside minor impulse wave 3 Next buy target - 0…

The British pound fell against the dollar in the past week as the UK data indicated that manufacturing, industrial and construction output declined in May…

Bulls faced a resistance area, but we still don't have any bearish pattern. So, we could have the price a little bit higher in the coming hours.

We've got a bearish "Tower", which has been confirmed enough. Therefore, the market is likely going to reach the nearest support.

There's a possible flat pattern in wave (ii). Also, we've got an impulse in wave i. If a pullback from 6/8 MM Level happens in the coming hours...

Oil prices recovered some losses at the start of the week, rebounding from a 3% fall in the previous session amid a stronger USD and oversupply worries…

The price found support at 1.2860, so we've got a "Triple Top", which led to decline to the 89 Moving Average. Also, there's a developing "Flag" pattern...

The price is consolidating under resistance at 1.1443. Also, we've got two "V-Top" patterns in a row, so the market is likely going to...

On the daily chart of gold, breaks of the lower border of the upward trading channel and the neckline of the Head and Shoulders pattern may result in a further downfall…

On the USD/JPY daily chart, the exit of quotes beyond the limits of the long-term downward channel followed by the successful test of the resistance at 113…