GBP/USD: "Double Bottom" confirmed by "Flag"
We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: consolidation right above the "Wedge"
There's a consolidation, which is taking place between the levels 1.1234 - 1.1161. Also, the price broke the Moving Averages.
GBP/USD: decision time for the pound
On the daily chart, GBP/USD broke down through the lower border of the rising trend channel…
EUR/CAD approached support level 1.4830
EUR/CAD approached support level 1…
USD/CAD broke pivotal support level 1.3260
USD/CAD broke pivotal support level 1…
USD/JPY: bullish "Harami"
We've got a "Harami" on the 89 Moving Average, but this pattern hasn't been confirmed yet.
EUR/USD: yesterday's "Window" going to act as support
There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average.
EUR/USD: wave iv of (i) going to end soon
There's a diagonal triangle in wave (v) of [c], so wave 2 may be ended. In this case, we're likely going to have wave (i).
USD/CHF: franc was caught by the dragon
Recommendation: BUY 0…
EUR/USD: shark frightened the euro
Recommendation: SELL 1…
GBP/USD: "Thorn" acted as support
The price is consolidating between the levels 1.2678 - 1.2634. Also, there's a "Pennant" pattern.
EUR/USD: consolidation above the "Wedge"
There's a "Double Top", which has been confirmed. Therefore, bears are likely going to reach the closest support.
