Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

AUD/USD: aussie supported by Kijun-sen

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen,  rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30.

GBP/USD: bulls made new local highs

Narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.

EUR/USD: triangle in wave [B]

There's a developing impulse in wave C of (E). The main bullish target is +1/8 MM Level, which could be a departure point for an impulse wave.

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