Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: Dollar feels good

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and  Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen.

USD/JPY projected to test 112.81

USD/JPY remains favored by the bullish bias, which strengthened after the formation of a bullish divergence in the RSI indicator two weeks ago…

EUR/USD: developing wave (ii)

There's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore...

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