Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: bears looks strong
GBP/USD: bears looks strong

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices going to the lows of the previous week.

EUR/USD: on 4W-lows
EUR/USD: on 4W-lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen and the lines are falling down; the market is on the 4W-lows and may go lower.

XAU/USD: gold is wandering through channels
XAU/USD: gold is wandering through channels

Recommendations: BUY $1344 SL $1329 TP $1374 TP2 $1390 TP3 $1410 SELL $1320 SL $1335 TP1 $1290 TP2 $1270  On the daily chart XAU/USD, a rebound from the bottom line of the uptrend channel allowed gold to hope for the bullish trend’s recovery again…

USD/JPY: Dollar may continue downtrend
USD/JPY: Dollar may continue downtrend

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are inside of a Cloud, but the Dollar looks very weak.

AUD/USD: in consolidation under Cloud
AUD/USD: in consolidation under Cloud

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices in consolidation above Tenkan-sen and Kijun-sen.

GBP/USD: pound returned to Cloud
GBP/USD: pound returned to Cloud

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the narrowing channel of the lines; the prices are returned to the Cloud.

EUR/USD: euro found support on 1.2300
EUR/USD: euro found support on 1.2300

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, Tenkan-sen is horizontal; the market is on the strong support of 1.2300.

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