Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bullish "Pennant"

Bulls faced resistance at 1.1212, so the price is consolidating. Also, we've got a "Pennant" pattern, so the pair is likely going to...

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.

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