Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bullish
EUR/USD: bullish "Thorn"

All Moving Averages have been broken, so bears achieved a support at 1.0639, which pushed the price to a resistance at 1.0678.

USD/JPY: bearish
USD/JPY: bearish "Doji"

The 55 Moving Average acted as a resistance, so we’ve got a “Doji” on this line. Considering a confirmation of this pattern, the market is likely going to test the nearest support.

EUR/USD: bearish
EUR/USD: bearish "Three Methods"

The pair has been declining since a “Harami” was formed at the last high. Also, there’s a developing “Three Methods” pattern.

GBP/USD: bears can't stop
GBP/USD: bears can't stop

The price met a support at 1.2382, so the market is consolidating on the one-hour chart. Meanwhile, bears are likely going to continue pushing the pair even lower.

EUR/USD: bearish
EUR/USD: bearish "Flag"

Bears reached a support at 1.0678, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.0655 – 1.0594 in the short term.

EUR/USD: time for wave (ii)
EUR/USD: time for wave (ii)

We’ve got wave v of (i), so there’s time for wave (ii). The main bullish target is 5/8 MM level, which could be a departure point for another bearish wave.

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