Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: pound is under Cloud’s resistance

Narrowing bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is under strong resistance of the 4H-Cloud.

EUR/USD: euro bounced from Senkou Span B

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market bounced from the top border of the Cloud and Bears may continue selling.

Morning brief for June 26

In the absence of the news catalysts over the weekend, the market moves were subdued in Asia today…

AUD/USD approaches a possible buy zone between 0.7500 and 0.7460

AUD/USD is starting to retrace from June 14th highs and it’s now heading to a key demand zone established by the 50% Fibonacci retracement level, given that it reached an extreme zone in the upside which coincides with the 100% Fibonacci expansion level…

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