Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: MA acting as resistance
EUR/USD: MA acting as resistance

The last bearish "Engulfing" pattern is still on the table. In this case, if a pullback from the nearest resistance area happens...

XAU/USD: gold is wandering through channels
XAU/USD: gold is wandering through channels

Recommendations: BUY $1344 SL $1329 TP $1374 TP2 $1390 TP3 $1410 SELL $1320 SL $1335 TP1 $1290 TP2 $1270  On the daily chart XAU/USD, a rebound from the bottom line of the uptrend channel allowed gold to hope for the bullish trend’s recovery again…

USD/JPY: Dollar may continue downtrend
USD/JPY: Dollar may continue downtrend

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are inside of a Cloud, but the Dollar looks very weak.

AUD/USD: in consolidation under Cloud
AUD/USD: in consolidation under Cloud

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices in consolidation above Tenkan-sen and Kijun-sen.

GBP/USD: bears faced with support
GBP/USD: bears faced with support

It's likely to have a bullish price movement in the direction of the nearest resistance at 1.4011 - 1.4048 in the coming hours...

EUR/USD: local
EUR/USD: local "V-Bottom" pattern

The pair is likely going to test the nearest resistance at 1.2355. If we have a pullback from this level, bears will probably try to...

EUR/USD: bullish
EUR/USD: bullish "Hammer"

If a pullback from the nearest resistance area happens, there'll be a moment for another decline...

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