Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: the euro is getting stronger
EUR/USD: the euro is getting stronger

On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation.

EUR/USD: ideas for small trades
EUR/USD: ideas for small trades

EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).

EUR/JPY: short-term upside
EUR/JPY: short-term upside

EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area.

EUR/USD: 'High Wave' pattern
EUR/USD: 'High Wave' pattern

It's likely that the price is going to test the nearest support at 1.1335 in the coming hours. If a pullback from this level happens next...

USD/CHF: the franc is supported
USD/CHF: the franc is supported

On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.

USD/JPY: the greenback is weaker
USD/JPY: the greenback is weaker

On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.

EUR/JPY: let's sell the euro
EUR/JPY: let's sell the euro

On the daily chart of EUR/JPY, the implementation of the "Spike and Ledge" pattern, in particular, the fall of the pair below the lower border of the "ledge" between the 127.6 and 129.25 levels, made the pair reach the 88.6% target of the "Shark" pattern.

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