EUR/USD: bearish patterns
We’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Tower”.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: another pullback from 7/8 MM Level
An upward zigzag in wave y of (iii) has been ended, so the price found a lodgment under 7/8 MM Level.
GBP/USD: technical outlook from banks
Commerzbank Commerzbank’s analysts remain their neutrally positive technical outlook for GBP/USD in the short-term…
Banks became increasingly bullish on EUR/USD in the near term
Forex analysts jointly expect the euro to extend its gains over the medium term…
GBP/USD: "Exhaustion Gap" closed
The last “Exhaustion Gap” has been closed, so we’ve got a “V-Top” pattern.
EUR/USD: upcoming correction
If any bearish pattern arrives in the coming hours, we could have a downward correction.
GBP/USD: pound chose road to the north
On the GBP/USD daily chart, bulls managed not only to push quotes beyond the 1…
USD/CAD: bulls reached a convergence zone
On the USD/CAD daily chart, there is a continuation of the rally towards the convergence zone 1…
Morning brief for May 3
Kiwi was the biggest mover in the last trading sessions…
USD/JPY: Dollar made new highs
Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under daily resistance.
GBP/USD: pound on support of Tenkan-Kijun
Expanding bullish Ichimoku Cloud, rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of the lines Tenkan-sen and Kijun-sen; the market is in consolidation, may go lower to the Cloud.
USD/JPY broke key resistance level 111.70
USD/JPY broke key resistance level 111…
